TXO Partners (NYSE:TXO) Director Buys $1,352,000.00 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 100,000 shares of the stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $13.52 per share, with a total value of $1,352,000.00. Following the completion of the acquisition, the director directly owned 9,200,000 shares of the company’s stock, valued at approximately $124,384,000. This represents a 1.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TXO Partners Trading Down 1.9%

NYSE TXO opened at $14.17 on Friday. The company has a market cap of $785.50 million, a price-to-earnings ratio of -18.40 and a beta of 0.04. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $14.83. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average is $13.05 and its 200 day moving average is $12.74.

TXO Partners (NYSE:TXO) last issued its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96. The business had revenue of $150.87 million during the quarter, compared to analysts’ expectations of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. As a group, sell-side analysts expect that TXO Partners LP will post 0.13 EPS for the current fiscal year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be paid a $0.40 dividend. This is an increase from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Friday, August 14th. TXO Partners’s payout ratio is currently -187.01%.

Analyst Ratings Changes

Several research firms recently commented on TXO. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of TXO Partners in a report on Friday, August 7th. One 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, the company has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Institutional Investors Weigh In On TXO Partners

Several institutional investors and hedge funds have recently made changes to their positions in TXO. JPMorgan Chase & Co. bought a new position in shares of TXO Partners during the fourth quarter worth about $5,586,000. First Trust Advisors LP acquired a new position in shares of TXO Partners in the second quarter worth approximately $5,830,000. Energy Income Partners LLC boosted its holdings in TXO Partners by 27.5% in the first quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after acquiring an additional 312,120 shares during the last quarter. Bank of America Corp DE boosted its holdings in TXO Partners by 259.3% in the first quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock valued at $4,715,000 after acquiring an additional 270,465 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in TXO Partners by 12.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock valued at $21,709,000 after purchasing an additional 226,600 shares during the period. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.