TXO Partners (NYSE:TXO) Director Buys $3,364,021.30 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 245,549 shares of TXO Partners stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of $13.70 per share, for a total transaction of $3,364,021.30. Following the completion of the purchase, the director owned 8,195,549 shares in the company, valued at $112,279,021.30. This represents a 3.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TXO Partners Price Performance

Shares of TXO traded down $0.41 during mid-day trading on Tuesday, reaching $13.30. The company had a trading volume of 157,103 shares, compared to its average volume of 214,268. The company’s 50 day simple moving average is $12.60 and its 200 day simple moving average is $12.19. TXO Partners LP has a 1-year low of $10.12 and a 1-year high of $16.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $734.69 million, a price-to-earnings ratio of -7.23 and a beta of 0.02.

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

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were given a dividend of $0.36 per share. The ex-dividend date was Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a yield of 10.8%. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio is presently -78.26%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On TXO Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in shares of TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after buying an additional 1,303 shares in the last quarter. State of Wyoming acquired a new stake in shares of TXO Partners in the 2nd quarter valued at about $45,000. Kestra Advisory Services LLC bought a new stake in TXO Partners during the 4th quarter valued at $49,000. Fund Advisors of America Inc FL bought a new stake in TXO Partners during the 4th quarter valued at $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in TXO Partners by 243.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after purchasing an additional 7,779 shares in the last quarter. 27.44% of the stock is currently owned by institutional investors.

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.