Bob Simpson Purchases 34,408 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 34,408 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $13.27 per share, with a total value of $456,594.16. Following the completion of the purchase, the director owned 8,334,408 shares in the company, valued at $110,597,594.16. This represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TXO Partners Price Performance

NYSE TXO traded down $0.41 on Tuesday, reaching $13.30. 157,103 shares of the stock traded hands, compared to its average volume of 214,268. The firm’s fifty day simple moving average is $12.60 and its 200 day simple moving average is $12.19. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46. 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 12 month low of $10.12 and a 12 month high of $16.26.

TXO Partners (NYSE:TXO) last issued its quarterly 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 firm had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. As a group, research analysts predict that TXO Partners LP will post 0.41 EPS for the current fiscal year.

TXO Partners Increases Dividend

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

Analyst Upgrades and Downgrades

TXO has been the subject of several research reports. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus raised their price objective on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TXO Partners currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Institutional Trading of TXO Partners

A number of hedge funds have recently modified their holdings of TXO. Hsbc Holdings PLC purchased a new stake in shares of TXO Partners in the second quarter valued at $380,000. M&T Bank Corp lifted its holdings in shares of 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 in the last quarter. First Trust Advisors LP purchased a new stake in shares of TXO Partners in the second quarter valued at $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of 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 in 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.