Bob Simpson Purchases 245,549 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 245,549 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $13.70 per share, for a total transaction of $3,364,021.30. Following the completion of the purchase, the director owned 8,195,549 shares in the company, valued at $112,279,021.30. This trade represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TXO Partners Trading Down 3.5%

Shares of NYSE:TXO opened at $12.84 on Thursday. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $16.26. The company’s 50 day moving average is $12.62 and its two-hundred day moving average is $12.19. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The company has a market cap of $709.01 million, a PE ratio of -6.98 and a beta of 0.02.

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

TXO Partners Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.2%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s payout ratio is currently -78.26%.

Analyst Ratings Changes

TXO has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Stifel Nicolaus increased 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. 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, 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Institutional Investors Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA raised its stake in TXO Partners by 33.1% during the 1st quarter. Glenmede Trust Co. NA now owns 104,447 shares of the company’s stock worth $1,314,000 after acquiring an additional 26,000 shares in the last quarter. Bank of America Corp DE raised its stake in TXO Partners by 259.3% during the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock worth $4,715,000 after acquiring an additional 270,465 shares in the last quarter. Energy Income Partners LLC raised its stake in TXO Partners by 27.5% during the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock worth $18,229,000 after acquiring an additional 312,120 shares in the last quarter. First Trust Advisors LP raised its stake 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 acquiring an additional 10,877 shares in the last quarter. Finally, Fund Advisors of America Inc FL acquired a new stake in TXO Partners during the 4th quarter worth $115,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

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.