TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 36,718 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 36,718 shares of TXO Partners stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $12.55 per share, with a total value of $460,810.90. Following the completion of the transaction, the director directly owned 9,036,718 shares of the company’s stock, valued at $113,410,810.90. This trade represents a 0.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TXO Partners Stock Performance

TXO stock traded down $0.29 on Wednesday, reaching $12.42. 182,327 shares of the company were exchanged, compared to its average volume of 212,893. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $15.55. The stock’s fifty day moving average price is $12.78 and its 200 day moving average price is $12.20. The firm has a market capitalization of $686.08 million, a PE ratio of -6.75 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share 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 company had revenue of $28.28 million during the quarter, compared to the consensus estimate of $110.71 million. On average, research analysts anticipate that TXO Partners LP will post 0.41 EPS for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were issued a $0.36 dividend. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.44 annualized dividend and a yield of 11.6%. TXO Partners’s payout ratio is presently -78.26%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TXO. Royal Bank of Canada grew its position in TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after acquiring an additional 1,303 shares during the last quarter. State of Wyoming bought a new position in TXO Partners in the 2nd quarter valued at $45,000. Kestra Advisory Services LLC acquired a new position in TXO Partners in the fourth quarter worth $49,000. Corient Private Wealth LLC bought a new stake in shares of TXO Partners during the second quarter worth $150,000. Finally, Fund Advisors of America Inc FL acquired a new stake in shares of TXO Partners in the fourth quarter valued at $115,000. 27.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on TXO shares. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Stifel Nicolaus raised their price target on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Wall Street Zen upgraded TXO Partners from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. One equities 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.