Insider Buying: TXO Partners (NYSE:TXO) Director Acquires $1,427,000.00 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 100,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $14.27 per share, with a total value of $1,427,000.00. Following the purchase, the director directly owned 9,350,000 shares in the company, valued at $133,424,500. This represents a 1.08% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TXO Partners Price Performance

NYSE:TXO opened at $14.17 on Friday. The business’s 50-day simple moving average is $13.05 and its two-hundred day simple moving average is $12.74. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $14.83. The stock has a market cap of $785.50 million, a PE ratio of -18.40 and a beta of 0.04. 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 (NYSE:TXO) last released its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.96. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%.The firm had revenue of $150.87 million during the quarter, compared to analysts’ expectations of $116.24 million. As a group, analysts forecast that TXO Partners LP will post 0.13 EPS for the current fiscal year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.40 per share. This is an increase from TXO Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.60 dividend on an annualized basis and a yield of 11.3%. TXO Partners’s payout ratio is -187.01%.

Institutional Trading of TXO Partners

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of TXO Partners by 100.2% during the 4th 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 purchased a new position in shares of TXO Partners in the second quarter valued at $30,000. State of Wyoming bought a new stake in TXO Partners in the second quarter worth $45,000. Kestra Advisory Services LLC purchased a new stake in TXO Partners during the fourth quarter valued at $49,000. Finally, M&T Bank Corp lifted its position in TXO Partners by 33.3% during the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 27.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of TXO Partners in a report on Friday, August 7th. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned 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, TXO Partners has a consensus rating of “Moderate Buy” and an average target price 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.