Bob Simpson Purchases 25,000 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 25,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $14.43 per share, for a total transaction of $360,750.00. Following the transaction, the director owned 9,375,000 shares in the company, valued at approximately $135,281,250. The trade was a 0.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

TXO Partners Price Performance

TXO Partners stock opened at $13.92 on Friday. TXO Partners LP has a 12-month low of $10.12 and a 12-month high of $14.71. The stock has a market cap of $771.97 million, a P/E ratio of -18.08 and a beta of 0.04. The company has a 50-day moving average price of $13.06 and a 200 day moving average price of $12.75. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42.

TXO Partners (NYSE:TXO) last issued its earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96. The company 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%. Sell-side analysts anticipate that TXO Partners LP will post 0.13 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, August 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.5%. This is an increase from TXO Partners’s previous quarterly dividend of $0.36. TXO Partners’s payout ratio is -187.01%.

Analyst Upgrades and Downgrades

TXO has been the topic of a number of recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Wall Street Zen raised TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of TXO Partners in a research report on Friday, August 7th. Finally, Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. One investment 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 stock. Based on data from MarketBeat.com, TXO Partners 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 institutional investors have recently made changes to their positions in TXO. Royal Bank of Canada lifted its holdings in shares of TXO Partners by 100.2% in the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after acquiring an additional 1,303 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in TXO Partners in the 2nd quarter valued at approximately $30,000. State of Wyoming acquired a new stake in TXO Partners in the 2nd quarter valued at approximately $45,000. Kestra Advisory Services LLC acquired a new stake in TXO Partners in the 4th quarter valued at approximately $49,000. Finally, Fund Advisors of America Inc FL purchased a new stake in TXO Partners in the fourth quarter valued at approximately $115,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

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.