Bob Simpson Acquires 90,152 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 90,152 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $13.35 per share, for a total transaction of $1,203,529.20. Following the completion of the purchase, the director owned 7,950,000 shares of the company’s stock, valued at $106,132,500. This trade represents a 1.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TXO Partners Trading Down 1.4%

Shares of NYSE TXO traded down $0.18 during mid-day trading on Wednesday, hitting $13.24. The stock had a trading volume of 197,901 shares, compared to its average volume of 212,576. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26. The business has a 50 day moving average price of $12.50 and a two-hundred day moving average price of $12.18. The firm has a market cap of $731.20 million, a P/E ratio of -7.19 and a beta of 0.02.

TXO Partners (NYSE:TXO) last issued its earnings results on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. On average, equities analysts anticipate that TXO Partners LP will post 0.41 EPS for the current fiscal year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Friday, May 15th. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s payout ratio is presently -78.26%.

Analysts Set New Price Targets

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

Institutional Trading of TXO Partners

A number of hedge funds have recently modified their holdings of the business. Global Endowment Management LP boosted its holdings in shares of TXO Partners by 54.9% during the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock valued at $37,739,000 after buying an additional 952,257 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in 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 purchasing an additional 226,600 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in TXO Partners in the 3rd quarter worth about $25,402,000. Energy Income Partners LLC boosted its stake in 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 purchasing an additional 312,120 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 purchasing an additional 35,990 shares in the last quarter. Institutional investors own 27.44% of the company’s stock.

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.