Bob Simpson Buys 34,408 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 34,408 shares of TXO Partners stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $13.27 per share, with a total value of $456,594.16. Following the acquisition, the director directly owned 8,334,408 shares of the company’s stock, valued at approximately $110,597,594.16. This represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

TXO Partners Stock Down 3.0%

Shares of TXO traded down $0.41 during mid-day trading on Tuesday, reaching $13.30. The company’s stock had a trading volume of 157,103 shares, compared to its average volume of 214,268. The business has a fifty day moving average of $12.60 and a 200 day moving average of $12.19. The company has a market cap of $734.69 million, a price-to-earnings ratio of -7.23 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. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last released its 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 business had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. As a group, analysts forecast that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were issued 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 annualized dividend and a dividend yield of 10.8%. The ex-dividend date was Friday, May 15th. TXO Partners’s dividend payout ratio is -78.26%.

Hedge Funds Weigh In On TXO Partners

Several institutional investors have recently bought and sold shares of TXO. Royal Bank of Canada raised its holdings in TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after buying an additional 1,303 shares in the last quarter. State of Wyoming bought a new position in TXO Partners during the second quarter valued at about $45,000. Kestra Advisory Services LLC bought a new position in TXO Partners during the fourth quarter valued at about $49,000. Fund Advisors of America Inc FL bought a new position in TXO Partners during the fourth quarter valued at about $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in TXO Partners by 243.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after buying an additional 7,779 shares in the last quarter. 27.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TXO shares. Stifel Nicolaus increased their price objective on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a report 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TXO Partners has a consensus rating of “Moderate Buy” and a consensus 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.