Bob Simpson Purchases 125,000 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 125,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $14.32 per share, for a total transaction of $1,790,000.00. Following the completion of the transaction, the director directly owned 9,500,000 shares of the company’s stock, valued at $136,040,000. The trade was a 1.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TXO Partners Stock Down 1.8%

Shares of NYSE TXO opened at $13.92 on Friday. TXO Partners LP has a 12-month low of $10.12 and a 12-month high of $14.71. The stock has a market cap of $771.97 million, a PE ratio of -18.08 and a beta of 0.04. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $13.06 and a 200 day moving average of $12.75.

TXO Partners (NYSE:TXO) last released its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96. The business had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. As a group, sell-side analysts predict that TXO Partners LP will post 0.13 EPS for the current fiscal year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be issued a $0.40 dividend. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Friday, August 14th. TXO Partners’s payout ratio is -187.01%.

Institutional Trading of TXO Partners

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on TXO. Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of TXO Partners in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.