TXO Partners (NYSE:TXO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TXO Partners (NYSE:TXO) from a sell rating to a buy rating in a report released on Saturday.

A number of other equities research analysts have also recently issued reports on TXO. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

TXO Partners Stock Performance

NYSE:TXO opened at $14.04 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day simple moving average of $13.00 and a two-hundred day simple moving average of $12.67. TXO Partners has a 1 year low of $10.12 and a 1 year high of $14.84. The company has a market capitalization of $778.80 million, a P/E ratio of -18.24 and a beta of 0.04.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. The firm had revenue of $150.87 million for 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%. On average, analysts expect that TXO Partners will post 0.13 earnings per share for the current year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is an increase 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 11.4%. TXO Partners’s dividend payout ratio is -187.01%.

Insider Buying and Selling at TXO Partners

In related news, Director Bob R. Simpson purchased 369,153 shares of TXO Partners stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $13.91 per share, for a total transaction of $5,134,918.23. Following the completion of the transaction, the director owned 9,000,000 shares in the company, valued at $125,190,000. This trade represents a 4.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 1,600,000 shares of company stock valued at $21,499,447 in the last three months.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TXO. Allied Private Wealth LLC purchased a new position in TXO Partners during the 2nd quarter valued at about $30,000. Royal Bank of Canada lifted its holdings in shares of TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after buying an additional 1,303 shares in the last quarter. State of Wyoming bought a new position in shares of TXO Partners in the second quarter valued at approximately $45,000. Kestra Advisory Services LLC bought a new position in shares of TXO Partners in the fourth quarter valued at approximately $49,000. Finally, Corient Private Wealth LLC purchased a new position in TXO Partners during the second quarter valued at approximately $150,000. 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.