TXO Partners (NYSE:TXO) Hits New 12-Month High – Should You Buy?

TXO Partners LP (NYSE:TXO)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.76 and last traded at $14.67, with a volume of 109499 shares changing hands. The stock had previously closed at $14.05.

Wall Street Analyst Weigh In

TXO has been the topic of several research reports. Weiss Ratings upgraded TXO Partners from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.50.

TXO Partners Stock Down 0.9%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $804.58 million, a P/E ratio of -18.84 and a beta of 0.04. The stock has a 50 day moving average price of $13.28 and a 200 day moving average price of $12.90.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $116.24 million. Research analysts expect that TXO Partners LP will post 0.58 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders 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 of this dividend was Friday, August 14th. TXO Partners’s dividend payout ratio (DPR) is currently -207.79%.

Insider Transactions at TXO Partners

In other news, Director Bob R. Simpson purchased 125,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $14.32 per share, for a total transaction of $1,790,000.00. Following the completion of the acquisition, the director directly owned 9,500,000 shares of the company’s stock, valued at $136,040,000. The trade was a 1.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders bought 1,100,000 shares of company stock worth $15,129,522.

Institutional Investors Weigh In On TXO Partners

Several hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC increased its holdings in shares of TXO Partners by 12.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock valued at $21,709,000 after purchasing an additional 226,600 shares during the period. Energy Income Partners LLC boosted its stake 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 buying an additional 312,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of TXO Partners by 5.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock valued at $10,767,000 after buying an additional 35,990 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of TXO Partners during the 4th quarter valued at $5,586,000. Finally, First Trust Advisors LP increased its stake in shares of TXO Partners by 2.1% in the first quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock worth $6,511,000 after acquiring an additional 10,877 shares during the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.

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.