Insider Buying: TXO Partners (NYSE:TXO) Director Acquires 64,475 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 64,475 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $13.02 per share, with a total value of $839,464.50. Following the transaction, the director owned 7,650,000 shares in the company, valued at approximately $99,603,000. This represents a 0.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TXO Partners Stock Performance

NYSE:TXO traded up $0.07 during midday trading on Friday, reaching $13.04. 324,509 shares of the company traded hands, compared to its average volume of 213,490. The firm has a market capitalization of $720.55 million, a price-to-earnings ratio of -7.09 and a beta of 0.02. The company has a fifty day moving average price of $12.46 and a 200 day moving average price of $12.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $16.26.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). The company 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, analysts expect that TXO Partners LP will post 0.41 EPS for the current fiscal year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Friday, May 15th. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is currently -65.22%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TXO. Royal Bank of Canada boosted its position in TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after acquiring an additional 1,303 shares during the period. State of Wyoming acquired a new position in TXO Partners during the 2nd quarter worth $45,000. Kestra Advisory Services LLC acquired a new position in TXO Partners during the 4th quarter worth $49,000. Arlington Trust Co LLC acquired a new position in TXO Partners during the 3rd quarter worth $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 worth $77,000 after acquiring an additional 5,389 shares during the period. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TXO. Wall Street Zen downgraded TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Stifel Nicolaus upped their price objective on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings downgraded TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. One research 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 given a Sell rating to the company. Based on data from MarketBeat, the stock 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.