TXO Partners (NYSE:TXO) Upgraded at Zacks Research

TXO Partners (NYSE:TXO) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

TXO has been the topic of several other reports. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Finally, Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. 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 given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

TXO Partners Stock Up 4.5%

TXO opened at $13.56 on Tuesday. The firm has a market capitalization of $749.33 million, a P/E ratio of -7.37 and a beta of 0.04. TXO Partners has a one year low of $10.12 and a one year high of $15.35. The company has a fifty day moving average price of $12.95 and a 200-day moving average price of $12.61. 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 quarterly earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The firm had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million. Equities research analysts expect that TXO Partners will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at TXO Partners

In other TXO Partners news, Director Bob R. Simpson purchased 500,000 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $12.67 per share, with a total value of $6,335,000.00. Following the transaction, the director directly owned 7,500,000 shares of the company’s stock, valued at approximately $95,025,000. This trade represents a 7.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders bought 2,272,365 shares of company stock worth $29,988,110.

Institutional Trading of TXO Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXO. Royal Bank of Canada boosted its holdings in TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after acquiring an additional 1,303 shares in the last quarter. Allied Private Wealth LLC purchased a new position in shares of TXO Partners in the 2nd quarter worth about $30,000. State of Wyoming purchased a new position in shares of TXO Partners in the 2nd quarter worth about $45,000. Kestra Advisory Services LLC bought a new position in TXO Partners in the 4th quarter worth about $49,000. Finally, M&T Bank Corp boosted its stake in TXO Partners by 33.3% in the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock worth $301,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other 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.