Bob Simpson Acquires 500,000 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 500,000 shares of TXO Partners stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $12.67 per share, with a total value of $6,335,000.00. Following the completion of the purchase, the director owned 7,500,000 shares in the company, valued at $95,025,000. The trade was a 7.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

TXO Partners Stock Up 3.1%

Shares of TXO Partners stock opened at $12.88 on Wednesday. The company has a market cap of $711.71 million, a P/E ratio of -7.00 and a beta of 0.02. The firm has a fifty day moving average of $12.45 and a two-hundred day moving average of $12.18. TXO Partners LP has a one year low of $10.12 and a one year high of $17.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43.

TXO Partners (NYSE:TXO) last issued its 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 business had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. On average, analysts forecast that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Friday, May 15th. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is -65.22%.

Institutional Investors Weigh In On TXO Partners

A number of institutional investors have recently added to or reduced their stakes in the company. Fund Advisors of America Inc FL purchased a new stake in TXO Partners during the fourth quarter valued at about $115,000. Alpine Global Management LLC purchased a new stake in shares of TXO Partners in the fourth quarter worth about $182,000. Virtu Financial LLC purchased a new stake in shares of TXO Partners in the fourth quarter worth about $291,000. XTX Topco Ltd purchased a new stake in shares of TXO Partners in the fourth quarter worth about $389,000. Finally, Wealthedge Investment Advisors LLC boosted its position in shares of TXO Partners by 12.2% in the fourth quarter. Wealthedge Investment Advisors LLC now owns 199,568 shares of the company’s stock worth $2,129,000 after buying an additional 21,662 shares during the period. Hedge funds and other institutional investors own 27.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TXO shares. Weiss Ratings restated a “sell (d+)” rating on shares of TXO Partners in a report on Friday, April 10th. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus lifted their price objective on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TXO Partners currently has an average 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.