TXO Partners, L.P. (NYSE:TXO) Director Buys $45,540.00 in Stock

TXO Partners, L.P. (NYSE:TXO) Director Phillip R. Kevil acquired 3,000 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were bought at an average cost of $15.18 per share, with a total value of $45,540.00. Following the completion of the acquisition, the director now owns 27,384 shares of the company’s stock, valued at approximately $415,689.12. This trade represents a 12.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

TXO Partners Stock Down 1.7%

Shares of NYSE TXO opened at $15.18 on Friday. The stock has a market cap of $627.97 million, a PE ratio of -2.56 and a beta of 0.17. The business has a fifty day moving average of $17.62 and a two-hundred day moving average of $18.02. TXO Partners, L.P. has a 52-week low of $14.99 and a 52-week high of $22.84. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.12). The company had revenue of $84.33 million for the quarter, compared to the consensus estimate of $82.00 million. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. As a group, equities research analysts expect that TXO Partners, L.P. will post 1.02 earnings per share for the current fiscal year.

TXO Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 16.07%. TXO Partners’s dividend payout ratio (DPR) is presently 580.95%.

Institutional Trading of TXO Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of TXO Partners in the fourth quarter valued at $72,000. CWM LLC acquired a new stake in shares of TXO Partners in the first quarter valued at $77,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of TXO Partners by 109.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company’s stock valued at $150,000 after buying an additional 4,664 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of TXO Partners in the first quarter valued at $216,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of TXO Partners in the first quarter valued at $230,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus began coverage on TXO Partners in a report on Wednesday, April 23rd. They set a “buy” rating and a $20.00 price objective for the company.

About TXO Partners

TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.