TXO Partners (NYSE:TXO) Director Buys $1,203,529.20 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 90,152 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $13.35 per share, with a total value of $1,203,529.20. Following the completion of the transaction, the director owned 7,950,000 shares in the company, valued at approximately $106,132,500. This represents a 1.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

TXO Partners Stock Down 0.4%

Shares of NYSE TXO opened at $13.69 on Friday. The stock has a market cap of $756.40 million, a PE ratio of -7.44 and a beta of 0.02. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46. TXO Partners LP has a 52-week low of $10.12 and a 52-week high of $16.26. The business has a 50-day moving average price of $12.57 and a 200 day moving average price of $12.20.

TXO Partners (NYSE:TXO) last announced its earnings results on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). The firm had revenue of $28.28 million during the quarter, compared to analyst estimates of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. Equities research analysts forecast that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were given a $0.36 dividend. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.5%. TXO Partners’s payout ratio is currently -78.26%.

Institutional Trading of TXO Partners

Several hedge funds have recently made changes to their positions in the company. Global Endowment Management LP lifted its stake in shares of TXO Partners by 54.9% in the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock worth $37,739,000 after acquiring an additional 952,257 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of TXO Partners by 12.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock worth $21,709,000 after acquiring an additional 226,600 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of TXO Partners in the 3rd quarter worth $25,402,000. Energy Income Partners LLC lifted its stake in shares of TXO Partners by 27.5% in the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock worth $18,229,000 after acquiring an additional 312,120 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TXO Partners by 5.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock worth $10,767,000 after acquiring an additional 35,990 shares during the period. Institutional investors and hedge funds own 27.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TXO shares. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Stifel Nicolaus upped their target price on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, TXO Partners currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

About TXO Partners

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.