TXO Partners (NYSE:TXO) Issues Quarterly Earnings Results, Beats Estimates By $0.96 EPS

TXO Partners (NYSE:TXO) issued its earnings results on Tuesday. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96, FiscalAI reports. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The firm had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million.

TXO Partners Stock Up 0.9%

NYSE:TXO traded up $0.12 during trading hours on Wednesday, reaching $13.10. The company had a trading volume of 32,193 shares, compared to its average volume of 193,538. The business’s 50-day simple moving average is $12.94 and its two-hundred day simple moving average is $12.59. TXO Partners has a twelve month low of $10.12 and a twelve month high of $15.35. The firm has a market cap of $723.64 million, a price-to-earnings ratio of -7.12 and a beta of 0.04. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be paid a dividend of $0.40 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Friday, August 14th. TXO Partners’s payout ratio is currently -78.26%.

Insider Transactions at TXO Partners

In other news, Director Bob R. Simpson acquired 500,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $12.67 per share, for a total transaction of $6,335,000.00. Following the completion of the acquisition, the director directly owned 7,500,000 shares in the company, valued at $95,025,000. The trade was a 7.14% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders purchased a total of 2,360,000 shares of company stock valued at $31,077,413 in the last 90 days.

Institutional Investors Weigh In On TXO Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in shares of TXO Partners during the 2nd quarter worth $380,000. M&T Bank Corp lifted its position in shares of TXO Partners by 33.3% during the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after buying an additional 5,000 shares during the last quarter. First Trust Advisors LP bought a new stake in TXO Partners in the 2nd quarter valued at about $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TXO Partners by 5.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock worth $10,767,000 after purchasing an additional 35,990 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in TXO Partners by 39.1% in the 2nd quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock worth $4,587,000 after buying an additional 85,684 shares during the period. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Wall Street Analysts Forecast Growth

TXO has been the subject of several research reports. Zacks Research downgraded TXO Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Weiss Ratings downgraded shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, TXO Partners currently has a consensus rating of “Hold” and an average 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.