TXO Partners (NYSE:TXO) Director Purchases $767,165.67 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 58,251 shares of the stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $13.17 per share, with a total value of $767,165.67. Following the transaction, the director owned 7,859,848 shares of the company’s stock, valued at approximately $103,514,198.16. This trade represents a 0.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TXO Partners Trading Down 1.4%

Shares of NYSE:TXO traded down $0.18 during midday trading on Wednesday, reaching $13.24. The company’s stock had a trading volume of 197,901 shares, compared to its average volume of 212,576. The business has a 50 day moving average price of $12.50 and a 200 day moving average price of $12.18. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46. The firm has a market cap of $731.20 million, a price-to-earnings ratio of -7.19 and a beta of 0.02.

TXO Partners (NYSE:TXO) last announced its quarterly earnings results on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The firm had revenue of $28.28 million for the quarter, compared to analyst estimates of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. Research analysts forecast that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.36 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 10.9%. The ex-dividend date is Friday, May 15th. TXO Partners’s payout ratio is currently -78.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TXO shares. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Stifel Nicolaus upped their price target on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One 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 issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Hedge Funds Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently bought and sold shares of TXO. Bank of America Corp DE boosted its holdings in TXO Partners by 259.3% in the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock worth $4,715,000 after acquiring an additional 270,465 shares during the period. Energy Income Partners LLC raised its stake in shares of TXO Partners by 27.5% during the first quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after purchasing an additional 312,120 shares during the period. First Trust Advisors LP lifted its position in shares of TXO Partners by 2.1% during the first quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock worth $6,511,000 after purchasing an additional 10,877 shares in the last quarter. Fund Advisors of America Inc FL acquired a new position in shares of TXO Partners during the fourth quarter worth $115,000. Finally, Alpine Global Management LLC purchased a new position in shares of TXO Partners in the fourth quarter valued at $182,000. 27.44% of the stock is owned by institutional investors and hedge funds.

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.