Bob Simpson Purchases 100,000 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 100,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $14.27 per share, with a total value of $1,427,000.00. Following the completion of the purchase, the director owned 9,350,000 shares in the company, valued at $133,424,500. This represents a 1.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

TXO Partners Price Performance

Shares of TXO Partners stock opened at $14.43 on Thursday. The stock has a market capitalization of $800.14 million, a P/E ratio of -18.74 and a beta of 0.04. The business has a 50 day simple moving average of $13.04 and a two-hundred day simple moving average of $12.72. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $14.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.11 by $0.96. The firm had revenue of $150.87 million during the quarter, compared to analysts’ expectations of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. As a group, analysts predict 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.1%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, August 14th. TXO Partners’s dividend payout ratio (DPR) is currently -187.01%.

Hedge Funds Weigh In On TXO Partners

Several institutional investors and hedge funds have recently bought and sold shares of TXO. JPMorgan Chase & Co. acquired a new stake in shares of TXO Partners during the 4th quarter worth about $5,586,000. First Trust Advisors LP purchased a new stake in TXO Partners in the second quarter valued at approximately $5,830,000. Energy Income Partners LLC raised its position in TXO Partners by 27.5% in the first quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after purchasing an additional 312,120 shares during the period. Bank of America Corp DE lifted its stake in TXO Partners by 259.3% during the first quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock worth $4,715,000 after purchasing an additional 270,465 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in TXO Partners by 12.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock worth $21,709,000 after purchasing an additional 226,600 shares in the last quarter. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXO has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TXO Partners in a research note on Friday, August 7th. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Finally, Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TXO Partners has a consensus rating of “Moderate Buy” and an average target price 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.