TXO Partners (NYSE:TXO) CEO Brent Clum Sells 27,234 Shares

TXO Partners LP (NYSE:TXO) CEO Brent Clum sold 27,234 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $12.38, for a total value of $337,156.92. Following the completion of the transaction, the chief executive officer directly owned 800,340 shares in the company, valued at $9,908,209.20. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

TXO Partners Stock Performance

Shares of TXO Partners stock traded up $0.13 on Thursday, reaching $12.51. 32,947 shares of the stock were exchanged, compared to its average volume of 212,971. The business has a 50 day moving average price of $12.42 and a two-hundred day moving average price of $12.47. The firm has a market capitalization of $691.00 million, a price-to-earnings ratio of -29.09 and a beta of 0.04. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $18.91. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.42.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.67). TXO Partners had a negative return on equity of 2.03% and a negative net margin of 5.39%.The business had revenue of $125.93 million during the quarter, compared to analyst estimates of $111.09 million. Analysts anticipate that TXO Partners LP will post 1.02 earnings per share for the current fiscal year.

TXO Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 9.6%. TXO Partners’s payout ratio is currently -279.07%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TXO shares. Wall Street Zen raised TXO Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings cut TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Stifel Nicolaus boosted their price target on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, Raymond James Financial set a $18.00 price objective on TXO Partners in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Institutional Investors Weigh In On TXO Partners

A number of institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC purchased a new position in shares of TXO Partners in the 2nd quarter valued at about $380,000. M&T Bank Corp grew its holdings in TXO Partners by 33.3% in the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after purchasing an additional 5,000 shares during the period. First Trust Advisors LP acquired a new stake in TXO Partners in the second quarter valued at approximately $5,830,000. Marathon Capital Management increased its position in shares of TXO Partners by 40.0% in the second quarter. Marathon Capital Management now owns 35,000 shares of the company’s stock valued at $526,000 after buying an additional 10,000 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 buying an additional 35,990 shares in the last quarter. 27.44% of the stock is currently owned by institutional investors and hedge funds.

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.