TXO Partners (NYSE:TXO) Director Bob Simpson Purchases 162,365 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 162,365 shares of the business’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $12.50 per share, for a total transaction of $2,029,562.50. Following the transaction, the director directly owned 7,000,000 shares of the company’s stock, valued at approximately $87,500,000. The trade was a 2.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TXO Partners Trading Up 1.7%

TXO traded up $0.21 during trading on Monday, reaching $12.52. 845,802 shares of the stock traded hands, compared to its average volume of 210,434. 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 stock has a market capitalization of $691.75 million, a PE ratio of -6.81 and a beta of 0.02. The stock’s 50-day moving average is $12.45 and its 200 day moving average is $12.19. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $17.90.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Monday, May 4th. The company reported ($1.35) EPS 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. Equities analysts anticipate that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 15th will be issued a dividend of $0.36 per share. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Friday, May 15th. TXO Partners’s dividend payout ratio (DPR) is currently -78.26%.

Institutional Investors Weigh In On TXO Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of TXO Partners by 100.2% in the 4th 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 during the last quarter. State of Wyoming acquired a new stake in shares of TXO Partners in the 2nd quarter worth about $45,000. Arlington Trust Co LLC acquired a new stake in shares of TXO Partners in the 3rd quarter worth about $56,000. Kestra Advisory Services LLC acquired a new stake in shares of TXO Partners in the 4th quarter worth about $49,000. Finally, CWM LLC raised its holdings in shares of TXO Partners by 5,389.0% in the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after acquiring an additional 5,389 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of TXO Partners in a report on Friday, April 10th. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Stifel Nicolaus upped their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TXO Partners presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

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.