Insider Buying: TXO Partners (NYSE:TXO) Director Purchases $708,500.00 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 50,000 shares of the business’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $14.17 per share, with a total value of $708,500.00. Following the completion of the purchase, the director directly owned 9,250,000 shares in the company, valued at approximately $131,072,500. The trade was a 0.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TXO Partners Trading Down 1.9%

Shares of TXO stock opened at $14.17 on Friday. The company’s 50-day moving average price is $13.05 and its 200-day moving average price is $12.74. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock has a market cap of $785.50 million, a price-to-earnings ratio of -18.40 and a beta of 0.04. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $14.83.

TXO Partners (NYSE:TXO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. The firm had revenue of $150.87 million during the quarter, compared to analyst estimates of $116.24 million. As a group, equities analysts predict that TXO Partners LP will post 0.13 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Friday, August 14th. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. TXO Partners’s dividend payout ratio is presently -187.01%.

Institutional Investors Weigh In On TXO Partners

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in TXO Partners during the 4th quarter valued at about $5,586,000. First Trust Advisors LP purchased a new stake in TXO Partners during the second quarter worth about $5,830,000. Energy Income Partners LLC increased its stake in TXO Partners by 27.5% during the first quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock worth $18,229,000 after purchasing an additional 312,120 shares during the period. Bank of America Corp DE lifted its position in shares of TXO Partners by 259.3% during the first quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock worth $4,715,000 after purchasing an additional 270,465 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of TXO Partners by 12.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock worth $21,709,000 after purchasing an additional 226,600 shares in the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXO has been the subject of several analyst reports. Wall Street Zen upgraded TXO Partners from a “sell” rating to a “buy” rating in a research report on Saturday, August 8th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Zacks Research upgraded TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of TXO Partners in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.50.

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.