William Adams III Acquires 10,000 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director William Adams III purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $12.41 per share, for a total transaction of $124,100.00. Following the transaction, the director owned 128,951 shares of the company’s stock, valued at $1,600,281.91. This trade represents a 8.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TXO Partners Trading Up 3.1%

Shares of TXO Partners stock opened at $12.88 on Wednesday. The firm has a 50-day simple moving average of $12.45 and a two-hundred day simple moving average of $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. TXO Partners LP has a fifty-two week low of $10.12 and a fifty-two week high of $17.90. The company has a market cap of $711.71 million, a P/E ratio of -7.00 and a beta of 0.02.

TXO Partners (NYSE:TXO) last posted its earnings results on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). The business had revenue of $28.28 million for the quarter, compared to analyst estimates of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. As a group, equities analysts predict that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 15th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.2%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, May 15th. TXO Partners’s dividend payout ratio (DPR) is presently -65.22%.

Institutional Investors Weigh In On TXO Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXO. Royal Bank of Canada grew its holdings in shares of TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after buying an additional 1,303 shares in the last quarter. State of Wyoming purchased a new position in shares of TXO Partners in the second quarter worth about $45,000. Kestra Advisory Services LLC acquired a new position in TXO Partners during the fourth quarter worth about $49,000. Arlington Trust Co LLC acquired a new position in TXO Partners during the third quarter worth about $56,000. Finally, CWM LLC grew its stake 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 acquiring an additional 5,389 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TXO shares. Stifel Nicolaus increased their target price on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Weiss Ratings restated a “sell (d+)” rating on shares of TXO Partners in a research report on Friday, April 10th. Wall Street Zen downgraded shares of TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TXO Partners has an average rating of “Moderate Buy” and an average price target 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.