TXO Partners (NYSE:TXO) Director Bob Simpson Purchases 25,000 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 25,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $14.43 per share, with a total value of $360,750.00. Following the purchase, the director owned 9,375,000 shares in the company, valued at $135,281,250. This trade represents a 0.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TXO Partners Stock Down 1.9%

NYSE:TXO opened at $14.17 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s 50-day moving average price is $13.05 and its 200-day moving average price is $12.74. The company has a market capitalization of $785.50 million, a PE ratio of -18.40 and a beta of 0.04. TXO Partners LP has a 1-year low of $10.12 and a 1-year high of $14.83.

TXO Partners (NYSE:TXO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping the consensus estimate 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%. On average, equities analysts predict that TXO Partners LP will post 0.13 EPS for the current fiscal year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.3%. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, August 14th. TXO Partners’s dividend payout ratio is presently -187.01%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TXO. Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “buy” rating in a report on Saturday, August 8th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of TXO Partners in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, TXO Partners currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Hedge Funds Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new stake in shares of TXO Partners during the 2nd quarter valued at about $380,000. M&T Bank Corp lifted its position in 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 purchasing an additional 5,000 shares during the period. First Trust Advisors LP purchased a new stake in TXO Partners in the second quarter worth approximately $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TXO Partners by 5.3% in the 2nd 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 during the period. Finally, Raymond James Financial Inc. raised its stake in TXO Partners by 39.1% during the 2nd quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock valued at $4,587,000 after buying an additional 85,684 shares during the last quarter. Institutional investors own 27.44% of the company’s stock.

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.