TXO Partners (NYSE:TXO) Director Bob Simpson Purchases 151,597 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 151,597 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $12.95 per share, with a total value of $1,963,181.15. Following the purchase, the director directly owned 7,801,597 shares of the company’s stock, valued at approximately $101,030,681.15. This trade represents a 1.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

TXO Partners Stock Performance

Shares of TXO traded up $0.07 during mid-day trading on Friday, hitting $13.04. 324,509 shares of the company’s stock were exchanged, compared to its average volume of 213,490. TXO Partners LP has a fifty-two week low of $10.12 and a fifty-two week high of $16.26. The firm has a market capitalization of $720.55 million, a P/E ratio of -7.09 and a beta of 0.02. The business’s 50 day moving average is $12.46 and its two-hundred day moving average is $12.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last announced its earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $110.71 million. On average, equities analysts expect that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be given a $0.36 dividend. The ex-dividend date is Friday, May 15th. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a yield of 11.0%. TXO Partners’s payout ratio is -65.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TXO. Hsbc Holdings PLC purchased a new position in TXO Partners in the second quarter valued at about $380,000. M&T Bank Corp increased its holdings in TXO Partners by 33.3% in the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after buying an additional 5,000 shares in the last quarter. First Trust Advisors LP purchased a new position in TXO Partners in the second quarter valued at about $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TXO Partners by 5.3% in the second 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 in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in TXO Partners by 39.1% in the second quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock valued at $4,587,000 after buying an additional 85,684 shares in the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TXO. Stifel Nicolaus raised their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. One 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.