TXO Partners (NYSE:TXO) Director Bob Simpson Purchases 50,000 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson bought 50,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $14.17 per share, with a total value of $708,500.00. Following the completion of the purchase, the director directly owned 9,250,000 shares of the company’s stock, valued at approximately $131,072,500. This trade represents a 0.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TXO Partners Price Performance

TXO opened at $14.36 on Wednesday. The company has a fifty day simple moving average of $13.02 and a 200 day simple moving average of $12.70. The firm has a market cap of $795.98 million, a price-to-earnings ratio of -18.64 and a beta of 0.04. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $14.83. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96. The firm had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. Equities research analysts expect that TXO Partners LP will post 0.13 EPS for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.1%. TXO Partners’s dividend payout ratio is presently -187.01%.

Hedge Funds Weigh In On TXO Partners

A number of hedge funds have recently added to or reduced their stakes in TXO. ING Groep NV increased its stake in TXO Partners by 24.8% during the fourth quarter. ING Groep NV now owns 504,000 shares of the company’s stock valued at $5,378,000 after purchasing an additional 100,000 shares during the last quarter. Energy Income Partners LLC lifted its position in shares of TXO Partners by 27.5% in the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock worth $18,229,000 after buying an additional 312,120 shares during the last quarter. Marathon Capital Management boosted its holdings in shares of TXO Partners by 400.0% in the 4th quarter. Marathon Capital Management now owns 50,000 shares of the company’s stock valued at $534,000 after buying an additional 40,000 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of TXO Partners by 33.1% in the 1st quarter. Glenmede Trust Co. NA now owns 104,447 shares of the company’s stock valued at $1,314,000 after buying an additional 26,000 shares during the period. Finally, Bank of America Corp DE grew its position in shares of TXO Partners by 259.3% during the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock valued at $4,715,000 after buying an additional 270,465 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analysts Set New Price Targets

TXO has been the subject of a number of analyst reports. Wall Street Zen raised TXO Partners from a “sell” rating to a “buy” rating in a report on Saturday. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TXO Partners in a research report on Friday. Finally, Zacks Research upgraded TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

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.