TXO Partners (NYSE:TXO) Issues Quarterly Earnings Results

TXO Partners (NYSE:TXO) announced its earnings results on Thursday. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.67), Zacks reports. TXO Partners had a net margin of 4.62% and a return on equity of 3.64%.

TXO Partners Price Performance

Shares of TXO remained flat at $12.54 during mid-day trading on Thursday. The stock had a trading volume of 95,192 shares, compared to its average volume of 155,314. The company has a 50-day moving average price of $11.49 and a 200 day moving average price of $12.70. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $686.94 million, a PE ratio of 31.35 and a beta of 0.13. TXO Partners has a 1 year low of $10.12 and a 1 year high of $20.24.

Insider Activity at TXO Partners

In related news, CEO Gary D. Simpson sold 8,126 shares of TXO Partners stock in a transaction on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total value of $98,080.82. Following the sale, the chief executive officer owned 608,252 shares of the company’s stock, valued at approximately $7,341,601.64. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott T. Agosta sold 10,689 shares of the business’s stock in a transaction on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $129,016.23. Following the completion of the sale, the chief accounting officer directly owned 205,474 shares of the company’s stock, valued at approximately $2,480,071.18. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 38,386 shares of company stock worth $463,319.

Institutional Investors Weigh In On TXO Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position 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 purchasing an additional 1,303 shares during the period. State of Wyoming purchased a new stake in TXO Partners in the 2nd quarter valued at about $45,000. Kestra Advisory Services LLC acquired a new position in TXO Partners in the fourth quarter valued at about $49,000. Corient Private Wealth LLC purchased a new position in TXO Partners during the second quarter worth about $150,000. Finally, M&T Bank Corp boosted its stake in TXO Partners by 33.3% during the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock worth $301,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 27.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TXO. Weiss Ratings cut TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Raymond James Financial set a $18.00 price objective on shares of TXO Partners in a research note on Tuesday, January 27th. One research 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 stock. According to data from MarketBeat, the company currently has an average 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.