Bob Simpson Purchases 100,000 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 100,000 shares of TXO Partners stock in a transaction on Friday, August 7th. The stock was bought at an average price of $13.52 per share, for a total transaction of $1,352,000.00. Following the transaction, the director directly owned 9,200,000 shares in the company, valued at approximately $124,384,000. The trade was a 1.10% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TXO Partners Trading Up 2.4%

Shares of TXO stock traded up $0.34 on Tuesday, hitting $14.36. The company had a trading volume of 313,407 shares, compared to its average volume of 195,806. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $14.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $795.93 million, a P/E ratio of -18.64 and a beta of 0.04. The stock’s 50-day moving average is $13.00 and its two-hundred day moving average is $12.67.

TXO Partners (NYSE:TXO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%.The company had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million. On average, equities research analysts anticipate that TXO Partners LP will post 0.13 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.1%. The ex-dividend date is Friday, August 14th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.36. TXO Partners’s dividend payout ratio (DPR) is -207.79%.

Institutional Investors Weigh In On TXO Partners

Hedge funds have recently added to or reduced their stakes in the business. Allied Private Wealth LLC bought a new position in shares of TXO Partners during the 2nd quarter worth approximately $30,000. Glenmede Trust Co. NA increased its stake 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 in the last quarter. Bank of America Corp DE increased its stake in shares of TXO Partners by 259.3% in the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock valued at $4,715,000 after acquiring an additional 270,465 shares in the last quarter. Energy Income Partners LLC increased its stake in shares of TXO Partners by 27.5% in the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after acquiring an additional 312,120 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of TXO Partners by 2.1% during the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock valued at $6,511,000 after acquiring an additional 10,877 shares during the period. 27.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TXO. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday. Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TXO Partners in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TXO Partners currently has a consensus rating of “Moderate Buy” and a consensus 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.