Bob Simpson Purchases 34,408 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 34,408 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $13.27 per share, with a total value of $456,594.16. Following the purchase, the director owned 8,334,408 shares in the company, valued at $110,597,594.16. This trade represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TXO Partners Price Performance

Shares of NYSE:TXO opened at $12.84 on Thursday. The business has a 50 day moving average price of $12.62 and a 200 day moving average price of $12.19. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $16.26. The company has a market cap of $709.01 million, a price-to-earnings ratio of -6.98 and a beta of 0.02. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last announced its earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($1.30). TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The business had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. Research analysts predict that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 11.2%. The ex-dividend date was Friday, May 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio is currently -78.26%.

Wall Street Analyst Weigh In

TXO has been the subject of a number of research reports. Wall Street Zen downgraded TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Stifel Nicolaus raised their price objective on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock 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 company. Global Endowment Management LP lifted its position in shares of TXO Partners by 54.9% in the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock worth $37,739,000 after acquiring an additional 952,257 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of 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 acquiring an additional 226,600 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of TXO Partners in the 3rd quarter worth approximately $25,402,000. Energy Income Partners LLC lifted its position in shares of TXO Partners by 27.5% during the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock worth $18,229,000 after buying an additional 312,120 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TXO Partners by 5.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock worth $10,767,000 after buying an additional 35,990 shares during the period. Institutional investors 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.