TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 65,592 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 65,592 shares of the stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $13.20 per share, with a total value of $865,814.40. Following the acquisition, the director owned 8,400,000 shares in the company, valued at approximately $110,880,000. The trade was a 0.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TXO Partners Stock Down 3.5%

TXO Partners stock opened at $12.84 on Thursday. 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 52-week low of $10.12 and a 52-week high of $16.26. The firm has a 50 day moving average price of $12.62 and a two-hundred day moving average price of $12.19. The firm has a market cap of $709.01 million, a price-to-earnings ratio of -6.98 and a beta of 0.02.

TXO Partners (NYSE:TXO) last released its quarterly earnings results 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 return on equity of 14.13% and a negative net margin of 28.52%.The firm had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. Equities analysts predict that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 11.2%. The ex-dividend date was Friday, May 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is -78.26%.

Institutional Trading of TXO Partners

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in TXO Partners in the 2nd quarter valued at $380,000. M&T Bank Corp grew its position in TXO Partners by 33.3% in the 2nd 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 acquired a new stake in TXO Partners in the 2nd quarter valued at $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 valued at $10,767,000 after purchasing an additional 35,990 shares during the period. Finally, Raymond James Financial Inc. grew its position in TXO Partners by 39.1% in the 2nd quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock valued at $4,587,000 after purchasing an additional 85,684 shares during the period. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TXO shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Wall Street Zen downgraded shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus raised their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus 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.