TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 36,718 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 36,718 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $12.55 per share, with a total value of $460,810.90. Following the completion of the acquisition, the director owned 9,036,718 shares of the company’s stock, valued at $113,410,810.90. This trade represents a 0.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TXO Partners Stock Performance

Shares of TXO opened at $12.42 on Thursday. The company’s 50 day moving average price is $12.78 and its 200 day moving average price is $12.20. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $15.55. The company has a market capitalization of $686.08 million, a PE ratio of -6.75 and a beta of 0.06. 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 (NYSE:TXO) last released its quarterly earnings data on Monday, May 4th. The company reported ($1.35) earnings per share 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 analyst estimates of $110.71 million. Research analysts expect that TXO Partners LP will post 0.41 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. Stockholders of record on Friday, May 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.6%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. TXO Partners’s dividend payout ratio (DPR) is currently -78.26%.

Wall Street Analyst Weigh In

TXO has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Wall Street Zen raised TXO Partners from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted 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 during the last quarter. State of Wyoming bought a new position in TXO Partners during the second quarter valued at about $45,000. Kestra Advisory Services LLC bought a new position in TXO Partners during the fourth quarter valued at about $49,000. Corient Private Wealth LLC acquired a new stake in shares of TXO Partners in the second quarter worth about $150,000. Finally, Fund Advisors of America Inc FL acquired a new stake in shares of TXO Partners in the fourth quarter worth about $115,000. Institutional investors own 27.44% of the company’s stock.

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.