TXO Partners (NYSE:TXO) Issues Earnings Results

TXO Partners (NYSE:TXO) posted its quarterly earnings data on Tuesday. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.11 by $0.96, FiscalAI reports. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The firm had revenue of $150.87 million during the quarter, compared to analyst estimates of $116.24 million.

TXO Partners Stock Performance

NYSE TXO traded down $0.15 during trading on Thursday, hitting $13.43. 36,430 shares of the company’s stock traded hands, compared to its average volume of 193,595. The stock has a market capitalization of $741.60 million, a price-to-earnings ratio of -7.36 and a beta of 0.04. TXO Partners has a 12-month low of $10.12 and a 12-month high of $15.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43. The business has a 50 day moving average of $12.95 and a 200-day moving average of $12.61.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.60 dividend on an annualized basis and a yield of 11.9%. This is an increase from TXO Partners’s previous quarterly dividend of $0.36. TXO Partners’s dividend payout ratio (DPR) is presently -78.26%.

Insiders Place Their Bets

In other TXO Partners news, Director Bob R. Simpson bought 500,000 shares of TXO Partners stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $12.67 per share, for a total transaction of $6,335,000.00. Following the completion of the purchase, the director directly owned 7,500,000 shares of the company’s stock, valued at approximately $95,025,000. This trade represents a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 2,272,365 shares of company stock worth $29,988,110 in the last three months.

Institutional Trading of TXO Partners

A number of institutional investors have recently modified their holdings of TXO. Royal Bank of Canada grew its stake in TXO Partners by 100.2% in the 4th 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 shares of TXO Partners in the second quarter worth $45,000. Kestra Advisory Services LLC bought a new position in shares of TXO Partners in the fourth quarter worth $49,000. Corient Private Wealth LLC purchased a new position in shares of TXO Partners in the second quarter valued at $150,000. Finally, HRT Financial LP purchased a new position in shares of TXO Partners in the fourth quarter valued at $261,000. 27.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on TXO shares. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings cut shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Finally, Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.