TXO Partners (NYSE:TXO) Director Acquires $460,810.90 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 36,718 shares of TXO Partners stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average cost of $12.55 per share, with a total value of $460,810.90. Following the acquisition, the director directly owned 9,036,718 shares in the company, valued at $113,410,810.90. This trade represents a 0.41% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TXO Partners Stock Up 0.3%

Shares of TXO opened at $12.53 on Friday. The firm has a market cap of $692.16 million, a P/E ratio of -6.81 and a beta of 0.06. 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 52 week low of $10.12 and a 52 week high of $15.55. The firm’s 50-day simple moving average is $12.80 and its 200 day simple moving average is $12.21.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Monday, May 4th. The company reported ($1.35) earnings per share (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 company had revenue of $28.28 million for the quarter, compared to analyst estimates of $110.71 million. On average, analysts forecast that TXO Partners LP will post 0.2 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 15th were paid a dividend of $0.36 per share. 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. The ex-dividend date was Friday, May 15th. TXO Partners’s dividend payout ratio is -78.26%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On TXO Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after buying an additional 1,303 shares during the period. State of Wyoming bought a new position in TXO Partners during the 2nd quarter worth $45,000. Kestra Advisory Services LLC acquired a new position in TXO Partners in the 4th quarter valued at $49,000. Fund Advisors of America Inc FL acquired a new position in TXO Partners in the 4th quarter valued at $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 acquiring an additional 7,779 shares during the period. 27.44% of the stock is currently owned by institutional investors and hedge funds.

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.