TXO Partners (NYSE:TXO) Shares Gap Down – What’s Next?

TXO Partners LP (NYSE:TXO)’s share price gapped down before the market opened on Monday . The stock had previously closed at $13.14, but opened at $12.58. TXO Partners shares last traded at $13.03, with a volume of 8,571 shares traded.

Analyst Ratings Changes

Several research firms have weighed in on TXO. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Zacks Research downgraded shares of TXO Partners from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Finally, Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, TXO Partners currently has an average rating of “Hold” and an average price target of $18.50.

TXO Partners Trading Down 0.2%

The business has a fifty day moving average price of $13.00 and a two-hundred day moving average price of $12.47. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $724.20 million, a PE ratio of -7.12 and a beta of 0.07.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($1.30). TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The company had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. Analysts expect 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 was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were given a dividend of $0.36 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date was Friday, May 15th. TXO Partners’s dividend payout ratio (DPR) is -78.26%.

Insider Activity

In related news, Director Bob R. Simpson purchased 63,282 shares of TXO Partners stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $12.64 per share, with a total value of $799,884.48. Following the purchase, the director owned 9,100,000 shares of the company’s stock, valued at approximately $115,024,000. The trade was a 0.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have purchased 2,360,000 shares of company stock valued at $31,077,413.

Hedge Funds Weigh In On TXO Partners

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

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.