Insider Buying: TXO Partners (NYSE:TXO) Director Acquires $360,750.00 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 25,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of $14.43 per share, for a total transaction of $360,750.00. Following the completion of the acquisition, the director owned 9,375,000 shares of the company’s stock, valued at approximately $135,281,250. This trade represents a 0.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

TXO Partners Stock Performance

TXO stock opened at $13.92 on Friday. The firm has a market cap of $771.97 million, a PE ratio of -18.08 and a beta of 0.04. 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 business’s 50-day moving average price is $13.06 and its two-hundred day moving average price is $12.75. TXO Partners LP has a 1-year low of $10.12 and a 1-year high of $14.71.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.96. The business had revenue of $150.87 million during the quarter, compared to analyst estimates of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. As a group, research analysts forecast 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.5%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, August 14th. TXO Partners’s dividend payout ratio is presently -187.01%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased 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 purchasing an additional 1,303 shares in the last quarter. Allied Private Wealth LLC bought a new position in TXO Partners in the 2nd quarter valued at approximately $30,000. State of Wyoming acquired a new stake in TXO Partners during the 2nd quarter worth approximately $45,000. Kestra Advisory Services LLC bought a new stake in TXO Partners during the 4th quarter worth approximately $49,000. Finally, M&T Bank Corp grew its holdings in TXO Partners by 33.3% during the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock worth $301,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TXO shares. Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TXO Partners in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.