TXO Partners (NYSE:TXO) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of TXO Partners (NYSE:TXO) from a sell rating to a buy rating in a research report report published on Saturday.

Other research analysts have also recently issued reports about the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings cut shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.50.

TXO Partners Stock Up 2.1%

NYSE TXO opened at $13.76 on Friday. The stock’s 50 day simple moving average is $12.98 and its 200 day simple moving average is $12.64. TXO Partners has a one year low of $10.12 and a one year high of $15.00. The firm has a market cap of $762.94 million, a PE ratio of -17.87 and a beta of 0.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 0.43.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.96. The firm had revenue of $150.87 million during the quarter, compared to the consensus estimate of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. As a group, sell-side analysts forecast that TXO Partners will post 0.13 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 14th. This is an increase from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.6%. TXO Partners’s dividend payout ratio is presently -187.01%.

Insider Transactions at TXO Partners

In other news, Director Bob R. Simpson purchased 500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired 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 approximately $95,025,000. The trade was a 7.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 2,100,000 shares of company stock valued at $27,834,447 in the last quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in 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 acquiring an additional 1,303 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of TXO Partners in the 2nd quarter valued at $30,000. State of Wyoming acquired a new position in shares of TXO Partners in the 2nd quarter valued at $45,000. Kestra Advisory Services LLC bought a new position in shares of TXO Partners in the 4th quarter worth $49,000. Finally, Fund Advisors of America Inc FL bought a new position in shares of TXO Partners in the 4th quarter worth $115,000. Institutional investors own 27.44% of the company’s stock.

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.