Insider Buying: TXO Partners (NYSE:TXO) Director Purchases $865,814.40 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 65,592 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of $13.20 per share, for a total transaction of $865,814.40. Following the transaction, the director owned 8,400,000 shares in the company, valued at $110,880,000. This represents a 0.79% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

TXO Partners Price Performance

Shares of NYSE TXO opened at $12.80 on Friday. TXO Partners LP has a fifty-two week low of $10.12 and a fifty-two week high of $16.26. The stock has a market cap of $706.83 million, a price-to-earnings ratio of -6.95 and a beta of 0.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43. The firm’s 50-day simple moving average is $12.64 and its 200 day simple moving average is $12.19.

TXO Partners (NYSE:TXO) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $110.71 million. As a group, research analysts anticipate that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.3%. TXO Partners’s dividend payout ratio (DPR) is -78.26%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On TXO Partners

A number of hedge funds have recently modified their holdings of the stock. Glenmede Trust Co. NA raised its holdings in shares of TXO Partners by 33.1% in the 1st quarter. Glenmede Trust Co. NA now owns 104,447 shares of the company’s stock worth $1,314,000 after purchasing an additional 26,000 shares during the period. Bank of America Corp DE raised its holdings in shares of TXO Partners by 259.3% in the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock worth $4,715,000 after purchasing an additional 270,465 shares during the period. Energy Income Partners LLC raised its holdings in shares of 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 during the period. First Trust Advisors LP raised its holdings in shares of TXO Partners by 2.1% in the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock worth $6,511,000 after purchasing an additional 10,877 shares during the period. Finally, Fund Advisors of America Inc FL bought a new stake in shares of TXO Partners in the 4th quarter worth approximately $115,000. 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.