TXO Partners (NYSE:TXO) Director Acquires $839,464.50 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 64,475 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $13.02 per share, for a total transaction of $839,464.50. Following the completion of the purchase, the director directly owned 7,650,000 shares of the company’s stock, valued at approximately $99,603,000. The trade was a 0.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

TXO Partners Stock Performance

Shares of NYSE:TXO opened at $13.04 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The business’s 50 day moving average price is $12.47 and its 200-day moving average price is $12.18. The firm has a market capitalization of $720.55 million, a PE ratio of -7.09 and a beta of 0.02. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. As a group, equities research analysts expect that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 11.0%. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, May 15th. TXO Partners’s dividend payout ratio is presently -78.26%.

Hedge Funds Weigh In On TXO Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its stake in shares of TXO Partners by 2.1% in the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock valued at $6,511,000 after purchasing an additional 10,877 shares during the last quarter. Fund Advisors of America Inc FL acquired a new position in shares of TXO Partners in the 4th quarter valued at $115,000. Alpine Global Management LLC acquired a new position in shares of TXO Partners in the 4th quarter valued at $182,000. Virtu Financial LLC acquired a new position in shares of TXO Partners in the 4th quarter valued at $291,000. Finally, XTX Topco Ltd acquired a new position in shares of TXO Partners in the 4th quarter valued at $389,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One equities 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.50.

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.