Bob Simpson Buys 87,635 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 87,635 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was bought at an average cost of $12.43 per share, for a total transaction of $1,089,303.05. Following the completion of the transaction, the director directly owned 6,837,635 shares of the company’s stock, valued at $84,991,803.05. This trade represents a 1.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TXO Partners Stock Performance

TXO stock opened at $12.88 on Wednesday. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $17.90. The stock has a market capitalization of $711.71 million, a price-to-earnings ratio of -7.00 and a beta of 0.02. 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 stock’s fifty day moving average is $12.45 and its two-hundred day moving average is $12.18.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($1.30). TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%.The firm had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. On average, research analysts predict that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 15th will be given a $0.36 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, May 15th. This represents a $1.44 annualized dividend and a yield of 11.2%. TXO Partners’s payout ratio is currently -65.22%.

Wall Street Analyst Weigh In

TXO has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TXO Partners in a report on Friday, April 10th. Wall Street Zen cut TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus lifted their target price on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Institutional Trading of TXO Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new stake in shares of TXO Partners in the 2nd quarter worth approximately $380,000. M&T Bank Corp increased its stake in shares of TXO Partners by 33.3% during the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after acquiring an additional 5,000 shares during the period. First Trust Advisors LP bought a new stake in TXO Partners during the second quarter worth approximately $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TXO Partners by 5.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock worth $10,767,000 after purchasing an additional 35,990 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in TXO Partners by 39.1% in the second quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock worth $4,587,000 after purchasing an additional 85,684 shares during the period. 27.44% of the stock is currently owned by institutional investors.

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.