TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 100,000 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 100,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $14.27 per share, for a total transaction of $1,427,000.00. Following the transaction, the director directly owned 9,350,000 shares in the company, valued at approximately $133,424,500. This trade represents a 1.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

TXO Partners Trading Up 2.4%

NYSE:TXO opened at $14.36 on Wednesday. The firm has a 50-day simple moving average of $13.02 and a 200-day simple moving average of $12.70. TXO Partners LP has a one year low of $10.12 and a one year high of $14.83. The firm has a market cap of $795.98 million, a P/E ratio of -18.64 and a beta of 0.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05.

TXO Partners (NYSE:TXO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. The firm had revenue of $150.87 million for the quarter, compared to the consensus estimate of $116.24 million. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. Equities analysts anticipate that TXO Partners LP will post 0.13 EPS for the current fiscal year.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be given a dividend of $0.40 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.60 annualized dividend and a yield of 11.1%. TXO Partners’s payout ratio is -187.01%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen raised TXO Partners from a “sell” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of TXO Partners in a research note on Friday. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Finally, Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Hedge Funds Weigh In On TXO Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in shares of TXO Partners during the 2nd quarter valued at $380,000. M&T Bank Corp increased its position in TXO Partners by 33.3% during the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after buying an additional 5,000 shares in the last quarter. First Trust Advisors LP acquired a new position in TXO Partners during the 2nd quarter valued at about $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TXO Partners by 5.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock valued at $10,767,000 after buying an additional 35,990 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in TXO Partners by 39.1% in the second quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock valued at $4,587,000 after buying an additional 85,684 shares during the last quarter. 27.44% of the stock is owned by hedge funds and other 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.