Pin Oak Investment Advisors Inc. Makes New $4.47 Million Investment in TXO Partners LP $TXO

Pin Oak Investment Advisors Inc. bought a new position in TXO Partners LP (NYSE:TXO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 357,507 shares of the company’s stock, valued at approximately $4,469,000. TXO Partners makes up about 2.3% of Pin Oak Investment Advisors Inc.’s portfolio, making the stock its 9th largest holding.

A number of other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its position 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 acquiring an additional 1,303 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in TXO Partners during the 2nd quarter valued at $30,000. State of Wyoming purchased a new stake in shares of TXO Partners in the second quarter valued at $45,000. Kestra Advisory Services LLC acquired a new stake in shares of TXO Partners in the fourth quarter worth $49,000. Finally, Fund Advisors of America Inc FL acquired a new stake in shares of TXO Partners in the fourth quarter worth $115,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analyst Ratings Changes

TXO has been the topic of several recent analyst reports. Wall Street Zen raised TXO Partners from a “sell” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research upgraded TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised TXO Partners from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.50.

TXO Partners Stock Down 0.9%

TXO stock opened at $14.51 on Friday. TXO Partners LP has a 12-month low of $10.12 and a 12-month high of $14.89. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The company has a market cap of $804.58 million, a price-to-earnings ratio of -18.84 and a beta of 0.04. The company has a 50 day moving average of $13.28 and a two-hundred day moving average of $12.90.

TXO Partners (NYSE:TXO) last issued its earnings results 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 company had revenue of $150.87 million during the quarter, compared to analyst estimates of $116.24 million. On average, equities analysts anticipate that TXO Partners LP will post 0.58 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 14th were issued a dividend of $0.40 per share. This is a positive change from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 11.0%. The ex-dividend date was Friday, August 14th. TXO Partners’s dividend payout ratio is -207.79%.

Insider Transactions at TXO Partners

In other news, Director Bob R. Simpson bought 125,000 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $14.32 per share, for a total transaction of $1,790,000.00. Following the completion of the purchase, the director directly owned 9,500,000 shares of the company’s stock, valued at $136,040,000. This trade represents a 1.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 1,100,000 shares of company stock worth $15,129,522 over the last ninety days.

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.