TXO Partners, L.P. (NYSE:TXO) Director Bob R. Simpson Purchases 2,250,000 Shares

TXO Partners, L.P. (NYSE:TXO) Director Bob R. Simpson bought 2,250,000 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of $15.00 per share, for a total transaction of $33,750,000.00. Following the transaction, the director now owns 6,750,000 shares of the company’s stock, valued at approximately $101,250,000. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

TXO Partners Stock Performance

NYSE:TXO opened at $15.40 on Friday. The stock’s 50-day moving average is $17.71 and its 200-day moving average is $18.02. TXO Partners, L.P. has a 1-year low of $14.85 and a 1-year high of $23.56. The stock has a market cap of $637.07 million, a P/E ratio of -2.59 and a beta of 0.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25.

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

TXO Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 15.84%. The ex-dividend date is Friday, May 16th. TXO Partners’s dividend payout ratio (DPR) is presently 580.95%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus assumed coverage on TXO Partners in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $20.00 target price on the stock.

Hedge Funds Weigh In On TXO Partners

Several institutional investors have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. raised its position in shares of TXO Partners by 0.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 291,882 shares of the company’s stock worth $4,915,000 after purchasing an additional 821 shares during the period. Total Wealth Planning & Management Inc. grew its stake in TXO Partners by 3.6% in the 1st quarter. Total Wealth Planning & Management Inc. now owns 93,334 shares of the company’s stock valued at $1,788,000 after purchasing an additional 3,274 shares during the period. CWM LLC bought a new position in TXO Partners in the 1st quarter valued at $77,000. Wilmington Savings Fund Society FSB bought a new position in TXO Partners in the 4th quarter valued at $72,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of TXO Partners by 109.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company’s stock worth $150,000 after acquiring an additional 4,664 shares during the period. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Company Profile

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.