Insider Buying: TXO Partners (NYSE:TXO) Director Buys $460,810.90 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 36,718 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was bought at an average cost of $12.55 per share, with a total value of $460,810.90. Following the completion of the purchase, the director owned 9,036,718 shares of the company’s stock, valued at approximately $113,410,810.90. The trade was a 0.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TXO Partners Price Performance

Shares of TXO stock traded down $0.29 during trading hours on Wednesday, reaching $12.42. 182,327 shares of the company were exchanged, compared to its average volume of 212,893. TXO Partners LP has a fifty-two week low of $10.12 and a fifty-two week high of $15.55. 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 stock’s fifty day moving average is $12.78 and its two-hundred day moving average is $12.20. The company has a market cap of $686.08 million, a price-to-earnings ratio of -6.75 and a beta of 0.06.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). The company had revenue of $28.28 million during the quarter, compared to analyst estimates of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. Sell-side 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 declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were issued a $0.36 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 11.6%. The ex-dividend date was Friday, May 15th. TXO Partners’s dividend payout ratio (DPR) is -78.26%.

Hedge Funds Weigh In On TXO Partners

Several institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA raised its position in shares of TXO Partners by 33.1% in the 1st quarter. Glenmede Trust Co. NA now owns 104,447 shares of the company’s stock valued at $1,314,000 after acquiring an additional 26,000 shares during the period. Bank of America Corp DE increased its stake in TXO Partners by 259.3% in the first quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock valued at $4,715,000 after purchasing an additional 270,465 shares in the last quarter. Energy Income Partners LLC raised its holdings in TXO Partners by 27.5% in the first quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock worth $18,229,000 after purchasing an additional 312,120 shares during the period. First Trust Advisors LP boosted its position in shares of TXO Partners by 2.1% during the first quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock worth $6,511,000 after purchasing an additional 10,877 shares in the last quarter. Finally, Fund Advisors of America Inc FL acquired a new position in shares of TXO Partners in the 4th quarter valued at $115,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings downgraded shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus lifted their target price on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TXO Partners currently has an average rating of “Moderate Buy” and a consensus target price 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.