TXO Partners (NYSE:TXO) Director Buys $1,110,114.50 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 85,525 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $12.98 per share, for a total transaction of $1,110,114.50. Following the acquisition, the director directly owned 7,585,525 shares in the company, valued at $98,460,114.50. This trade represents a 1.14% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

TXO Partners Price Performance

TXO Partners stock traded up $0.07 during midday trading on Friday, reaching $13.04. 324,509 shares of the stock were exchanged, compared to its average volume of 213,490. The company’s fifty day moving average is $12.46 and its 200-day moving average is $12.18. 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 firm has a market cap of $720.55 million, a PE ratio of -7.09 and a beta of 0.02. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $16.26.

TXO Partners (NYSE:TXO) last posted its earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). The firm had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. On average, sell-side analysts forecast 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. Investors of record on Friday, May 15th will be issued a dividend of $0.36 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a yield of 11.0%. TXO Partners’s payout ratio is currently -65.22%.

Institutional Investors Weigh In On TXO Partners

A number of institutional investors have recently made changes to their positions in TXO. Royal Bank of Canada boosted its stake in shares of TXO Partners by 100.2% in the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after purchasing an additional 1,303 shares in the last quarter. State of Wyoming purchased a new stake in TXO Partners during the 2nd quarter valued at $45,000. Kestra Advisory Services LLC purchased a new stake in TXO Partners during the 4th quarter valued at $49,000. Arlington Trust Co LLC purchased a new stake in TXO Partners during the 3rd quarter valued at $56,000. Finally, CWM LLC boosted its position in TXO Partners by 5,389.0% during the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after buying an additional 5,389 shares during the period. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Analysts Set New Price Targets

TXO has been the topic of a number of analyst reports. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Stifel Nicolaus upped their target price on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. One 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.