Insider Buying: TXO Partners (NYSE:TXO) Director Purchases $1,963,181.15 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 151,597 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $12.95 per share, for a total transaction of $1,963,181.15. Following the acquisition, the director directly owned 7,801,597 shares in the company, valued at approximately $101,030,681.15. This trade represents a 1.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TXO Partners Price Performance

TXO stock opened at $13.04 on Monday. 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 company has a market capitalization of $720.55 million, a PE ratio of -7.09 and a beta of 0.02. TXO Partners LP has a 12-month low of $10.12 and a 12-month high of $16.26. The business’s fifty day moving average price is $12.47 and its 200 day moving average price is $12.18.

TXO Partners (NYSE:TXO) last posted 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). The firm had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. On average, sell-side analysts anticipate that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 15th will be issued a dividend of $0.36 per share. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, May 15th. This represents a $1.44 annualized dividend and a yield of 11.0%. TXO Partners’s dividend payout ratio (DPR) is currently -78.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased 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 valued at $28,000 after acquiring an additional 1,303 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of TXO Partners by 0.8% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 181,500 shares of the company’s stock valued at $2,550,000 after acquiring an additional 1,500 shares during the last quarter. State of Wyoming purchased a new position in shares of TXO Partners in the 2nd quarter valued at about $45,000. Arlington Trust Co LLC purchased a new position in shares of TXO Partners in the 3rd quarter valued at about $56,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of TXO Partners in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.