TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 245,549 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 245,549 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $3,364,021.30. Following the completion of the transaction, the director directly owned 8,195,549 shares of the company’s stock, valued at $112,279,021.30. This represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

TXO Partners Stock Down 3.0%

Shares of TXO traded down $0.41 during trading hours on Tuesday, reaching $13.30. 157,103 shares of the stock traded hands, compared to its average volume of 214,268. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $12.19. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $16.26. The company has a market cap of $734.69 million, a price-to-earnings ratio of -7.23 and a beta of 0.02.

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

TXO Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were given a $0.36 dividend. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend was Friday, May 15th. TXO Partners’s payout ratio is presently -78.26%.

Institutional Investors Weigh In On TXO Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA raised its holdings in TXO Partners by 33.1% during the 1st quarter. Glenmede Trust Co. NA now owns 104,447 shares of the company’s stock valued at $1,314,000 after acquiring an additional 26,000 shares during the period. Bank of America Corp DE raised its holdings in TXO Partners by 259.3% during the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock valued at $4,715,000 after acquiring an additional 270,465 shares during the period. Energy Income Partners LLC raised its holdings in TXO Partners by 27.5% during the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after acquiring an additional 312,120 shares during the period. First Trust Advisors LP raised its holdings in TXO Partners by 2.1% during the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock valued at $6,511,000 after acquiring an additional 10,877 shares during the period. Finally, Fund Advisors of America Inc FL bought a new stake in TXO Partners during the 4th quarter valued at $115,000. Institutional investors own 27.44% of the company’s stock.

Wall Street Analysts Forecast Growth

TXO has been the subject of a number of research reports. 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. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus lifted their price objective on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 6th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.