Bob Simpson Acquires 104,451 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 104,451 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $13.77 per share, with a total value of $1,438,290.27. Following the transaction, the director owned 8,300,000 shares in the company, valued at approximately $114,291,000. This represents a 1.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TXO Partners Trading Down 3.0%

TXO traded down $0.41 on Tuesday, reaching $13.30. 157,103 shares of the company’s stock were exchanged, compared to its average volume of 214,268. The company’s 50 day moving average is $12.60 and its 200-day moving average is $12.19. The company has a market cap of $734.69 million, a price-to-earnings ratio of -7.23 and a beta of 0.02. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $16.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43.

TXO Partners (NYSE:TXO) last posted its earnings results on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). The business had revenue of $28.28 million for the quarter, compared to analyst estimates of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. Equities analysts predict that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 10.8%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. TXO Partners’s dividend payout ratio is -78.26%.

Analyst Upgrades and Downgrades

Several research firms have commented on TXO. Stifel Nicolaus raised their price objective on TXO Partners from $18.00 to $19.00 and gave the company 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 equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TXO. Hsbc Holdings PLC purchased a new position in TXO Partners in the second quarter valued at about $380,000. M&T Bank Corp boosted 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 purchasing an additional 5,000 shares during 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. boosted 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 purchasing an additional 35,990 shares during the last quarter. Finally, Raymond James Financial Inc. boosted 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 purchasing an additional 85,684 shares during 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.