TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 90,152 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 90,152 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $13.35 per share, for a total transaction of $1,203,529.20. Following the purchase, the director owned 7,950,000 shares in the company, valued at $106,132,500. This represents a 1.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

TXO Partners Stock Down 1.4%

TXO Partners stock traded down $0.18 during mid-day trading on Wednesday, reaching $13.24. The stock had a trading volume of 197,901 shares, compared to its average volume of 212,576. The company has a market capitalization of $731.20 million, a price-to-earnings ratio of -7.19 and a beta of 0.02. The company has a 50-day moving average price of $12.50 and a two-hundred day moving average price of $12.18. TXO Partners LP has a one year low of $10.12 and a one year high of $16.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43.

TXO Partners (NYSE:TXO) last issued its earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. On average, analysts expect that TXO Partners LP will post 0.41 EPS for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 15th will be given a $0.36 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a yield of 10.9%. TXO Partners’s payout ratio is presently -78.26%.

Institutional Investors Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently made changes to their positions in TXO. CIBC Bancorp USA Inc. purchased a new stake in shares of TXO Partners during the 3rd quarter valued at about $25,402,000. Global Endowment Management LP increased its position in shares of TXO Partners by 54.9% during the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock valued at $37,739,000 after purchasing an additional 952,257 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of TXO Partners during the 4th quarter valued at about $5,586,000. First Trust Advisors LP purchased a new stake in shares of TXO Partners during the 2nd quarter valued at about $5,830,000. Finally, Energy Income Partners LLC increased its position in shares of TXO Partners by 27.5% during the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after purchasing an additional 312,120 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stifel Nicolaus boosted their target price on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, 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.