Insider Buying: TXO Partners (NYSE:TXO) Director Purchases $1,110,114.50 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 85,525 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $12.98 per share, with a total value of $1,110,114.50. Following the completion of the purchase, the director directly owned 7,585,525 shares in the company, valued at approximately $98,460,114.50. The trade was a 1.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

TXO Partners Price Performance

NYSE:TXO opened at $13.04 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The business has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $12.18. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26. The firm has a market capitalization of $720.55 million, a price-to-earnings ratio of -7.09 and a beta of 0.02.

TXO Partners (NYSE:TXO) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $110.71 million. Equities analysts forecast that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 15th will be issued a $0.36 dividend. The ex-dividend date is Friday, May 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a dividend yield of 11.0%. TXO Partners’s dividend payout ratio (DPR) is currently -78.26%.

Analyst Upgrades and Downgrades

TXO has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Wall Street Zen downgraded TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Finally, Weiss Ratings downgraded TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, TXO Partners has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in TXO Partners by 2.1% during the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock worth $6,511,000 after purchasing an additional 10,877 shares during the period. Fund Advisors of America Inc FL purchased a new position in TXO Partners during the 4th quarter worth $115,000. Alpine Global Management LLC purchased a new position in TXO Partners during the 4th quarter worth $182,000. Virtu Financial LLC purchased a new position in TXO Partners during the 4th quarter worth $291,000. Finally, XTX Topco Ltd purchased a new position in TXO Partners during the 4th quarter worth $389,000. 27.44% of the stock is currently owned by hedge funds and other institutional investors.

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.