Bob Simpson Acquires 500,000 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 500,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $12.67 per share, with a total value of $6,335,000.00. Following the acquisition, the director owned 7,500,000 shares in the company, valued at approximately $95,025,000. This trade represents a 7.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TXO Partners Trading Up 1.7%

Shares of TXO stock traded up $0.21 on Monday, reaching $12.52. 845,802 shares of the company’s stock were exchanged, compared to its average volume of 210,434. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $17.90. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $691.75 million, a PE ratio of -6.81 and a beta of 0.02. The company’s fifty day simple moving average is $12.45 and its 200 day simple moving average is $12.19.

TXO Partners (NYSE:TXO) last issued its quarterly 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). TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%.The business had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. As a group, analysts forecast that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.5%. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio is -78.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TXO shares. Stifel Nicolaus raised their price target on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TXO Partners in a research report on Friday, April 10th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Institutional Investors Weigh In On TXO Partners

A number of institutional investors and hedge funds have recently bought and sold shares of TXO. Royal Bank of Canada raised its position in TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after purchasing an additional 1,303 shares in the last quarter. State of Wyoming bought a new stake in TXO Partners during the 2nd quarter valued at $45,000. Kestra Advisory Services LLC bought a new stake in TXO Partners during the 4th quarter valued at $49,000. Arlington Trust Co LLC bought a new stake in TXO Partners during the 3rd quarter valued at $56,000. Finally, CWM LLC raised its position in TXO Partners by 5,389.0% during the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after purchasing an additional 5,389 shares in the last quarter. 27.44% of the stock is owned by institutional investors.

TXO Partners Company Profile

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.