TXO Partners (NYSE:TXO) Shares Gap Down – Time to Sell?

TXO Partners LP (NYSE:TXO)’s share price gapped down before the market opened on Monday . The stock had previously closed at $13.14, but opened at $12.58. TXO Partners shares last traded at $13.03, with a volume of 8,571 shares.

Analyst Ratings Changes

TXO has been the subject of several recent analyst reports. Zacks Research downgraded shares of TXO Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Wall Street Zen cut TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings downgraded TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.50.

TXO Partners Stock Performance

The firm has a market cap of $707.02 million, a price-to-earnings ratio of -6.96 and a beta of 0.07. The stock’s 50 day moving average is $12.98 and its 200 day moving average is $12.50. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). The firm had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. Analysts anticipate that TXO Partners LP will post 0.13 earnings per share for the current year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were given a dividend of $0.36 per share. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend was Friday, May 15th. TXO Partners’s payout ratio is -78.26%.

Insider Buying and Selling at TXO Partners

In related news, Director Bob R. Simpson bought 63,282 shares of TXO Partners stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $12.64 per share, with a total value of $799,884.48. Following the acquisition, the director owned 9,100,000 shares in the company, valued at $115,024,000. This trade represents a 0.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders acquired 2,360,000 shares of company stock worth $31,077,413.

Institutional Investors Weigh In On TXO Partners

Several institutional investors and hedge funds have recently bought and sold shares of TXO. Royal Bank of Canada increased 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 bought a new stake in TXO Partners during the second quarter worth $30,000. State of Wyoming acquired a new stake 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 valued at $49,000. Finally, Fund Advisors of America Inc FL bought a new position in shares of TXO Partners in the 4th quarter valued at $115,000. Institutional investors own 27.44% of the company’s stock.

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.