TXO Partners (NYSE:TXO) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of TXO Partners (NYSE:TXO) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $17.00 price target on the stock.

A number of other brokerages have also recently issued reports on TXO. Weiss Ratings upgraded shares of TXO Partners from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised shares of TXO Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $17.50.

TXO Partners Trading Up 0.9%

Shares of TXO stock opened at $15.42 on Thursday. The stock has a market cap of $855.21 million, a P/E ratio of -20.03 and a beta of 0.06. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. TXO Partners has a fifty-two week low of $10.12 and a fifty-two week high of $15.56. The business has a fifty day simple moving average of $13.81 and a 200-day simple moving average of $13.08.

TXO Partners (NYSE:TXO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.11 by $0.96. The business had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. On average, analysts forecast that TXO Partners will post 0.66 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 14th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.60 annualized dividend and a dividend yield of 10.4%. This is an increase from TXO Partners’s previous quarterly dividend of $0.36. TXO Partners’s dividend payout ratio is presently -207.79%.

Insider Buying and Selling at TXO Partners

In other news, Director Bob Simpson bought 125,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $14.32 per share, for a total transaction of $1,790,000.00. Following the acquisition, the director owned 9,500,000 shares of the company’s stock, valued at $136,040,000. This trade represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders bought 500,000 shares of company stock valued at $6,898,945.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position 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 worth $28,000 after acquiring an additional 1,303 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of TXO Partners during the 2nd quarter valued at $30,000. State of Wyoming acquired a new position in shares of TXO Partners during the 2nd quarter valued at $45,000. Kestra Advisory Services LLC purchased a new stake in TXO Partners during the 4th quarter worth $49,000. Finally, Fund Advisors of America Inc FL purchased a new stake in TXO Partners during the 4th quarter worth $115,000. 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.