TXO Partners (NYSE:TXO) Director Bob Simpson Buys 64,475 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 64,475 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $13.02 per share, for a total transaction of $839,464.50. Following the purchase, the director directly owned 7,650,000 shares in the company, valued at $99,603,000. This trade represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

TXO Partners Stock Up 0.6%

TXO Partners stock traded up $0.07 during midday trading on Friday, hitting $13.04. 324,509 shares of the stock were exchanged, compared to its average volume of 213,490. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26. The firm has a market cap of $720.55 million, a P/E ratio of -7.09 and a beta of 0.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The company has a 50 day moving average price of $12.46 and a two-hundred day moving average price of $12.18.

TXO Partners (NYSE:TXO) last released its quarterly earnings results 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). TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%.The firm had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $110.71 million. On average, sell-side analysts predict that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, May 15th. This represents a $1.44 annualized dividend and a yield of 11.0%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is presently -65.22%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its position 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 in the last quarter. State of Wyoming acquired a new position in shares of TXO Partners in the 2nd quarter worth approximately $45,000. Arlington Trust Co LLC acquired a new position in shares of TXO Partners in the 3rd quarter worth approximately $56,000. Kestra Advisory Services LLC acquired a new position in shares of TXO Partners in the 4th quarter worth approximately $49,000. Finally, CWM LLC grew its position in shares of TXO Partners by 5,389.0% in the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after acquiring an additional 5,389 shares in the last quarter. Institutional investors and hedge funds 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.