TXO Partners (NYSE:TXO) Director Bob Simpson Buys 90,152 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 90,152 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $13.35 per share, for a total transaction of $1,203,529.20. Following the purchase, the director directly owned 7,950,000 shares in the company, valued at approximately $106,132,500. The trade was a 1.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TXO Partners Trading Down 1.4%

Shares of TXO stock opened at $13.24 on Thursday. 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 market cap of $731.16 million, a price-to-earnings ratio of -7.19 and a beta of 0.02. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26. The firm has a fifty day moving average price of $12.51 and a 200-day moving average price of $12.18.

TXO Partners (NYSE:TXO) last released its earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The company had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. As a group, equities analysts predict that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TXO. Royal Bank of Canada grew its holdings in shares of TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after purchasing an additional 1,303 shares in the last quarter. State of Wyoming purchased a new position in shares of TXO Partners in the second quarter valued at $45,000. Kestra Advisory Services LLC purchased a new position in shares of TXO Partners in the fourth quarter valued at $49,000. Fund Advisors of America Inc FL purchased a new position in shares of TXO Partners in the fourth quarter valued at $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of TXO Partners by 243.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after purchasing an additional 7,779 shares in the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Stifel Nicolaus raised their target price on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TXO Partners presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

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.