TXO Partners (NYSE:TXO) Director Bob Simpson Purchases 125,000 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 125,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $14.32 per share, with a total value of $1,790,000.00. Following the transaction, the director directly owned 9,500,000 shares in the company, valued at $136,040,000. The trade was a 1.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TXO Partners Price Performance

Shares of TXO Partners stock opened at $14.17 on Friday. The company has a fifty day moving average of $13.05 and a 200-day moving average of $12.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. TXO Partners LP has a 52-week low of $10.12 and a 52-week high of $14.83. The stock has a market capitalization of $785.50 million, a price-to-earnings ratio of -18.40 and a beta of 0.04.

TXO Partners (NYSE:TXO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. The firm had revenue of $150.87 million for the quarter, compared to analysts’ expectations of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. Equities research analysts expect that TXO Partners LP will post 0.13 EPS for the current year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be issued a $0.40 dividend. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.60 dividend on an annualized basis and a yield of 11.3%. TXO Partners’s payout ratio is -187.01%.

Analysts Set New Price Targets

TXO has been the topic of a number of research analyst reports. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TXO Partners in a research report on Friday, August 7th. Wall Street Zen upgraded TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TXO Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Institutional Investors Weigh In On TXO Partners

Several institutional investors and hedge funds have recently made changes to their positions in TXO. Allied Private Wealth LLC bought a new position in TXO Partners in the 2nd quarter valued at approximately $30,000. 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 worth $28,000 after purchasing an additional 1,303 shares in the last quarter. State of Wyoming bought a new stake in shares of TXO Partners in the 2nd quarter worth $45,000. Kestra Advisory Services LLC purchased a new position in shares of TXO Partners in the fourth quarter worth $49,000. Finally, Corient Private Wealth LLC purchased a new position in shares of TXO Partners in the second quarter worth $150,000. Institutional investors own 27.44% of the company’s stock.

TXO Partners Company Profile

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.