TXO Partners (NYSE:TXO) Director Buys $1,110,114.50 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 85,525 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $12.98 per share, for a total transaction of $1,110,114.50. Following the completion of the acquisition, the director owned 7,585,525 shares of the company’s stock, valued at $98,460,114.50. The trade was a 1.14% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TXO Partners Stock Up 0.6%

TXO Partners stock traded up $0.07 during midday trading on Friday, hitting $13.04. 324,509 shares of the stock were exchanged, compared to its average volume of 213,490. TXO Partners LP has a 52-week low of $10.12 and a 52-week high of $16.26. The stock has a market capitalization of $720.55 million, a price-to-earnings ratio of -7.09 and a beta of 0.02. The business’s 50-day moving average price is $12.46 and its 200-day moving average price is $12.18. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($1.30). TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%.The firm had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $110.71 million. On average, research analysts expect that TXO Partners LP will post 0.41 EPS for the current fiscal year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 11.0%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, May 15th. TXO Partners’s dividend payout ratio is presently -65.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXO. Royal Bank of Canada raised its position 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 valued at $28,000 after purchasing an additional 1,303 shares during the period. State of Wyoming bought a new stake in shares of TXO Partners in the second quarter valued at approximately $45,000. Kestra Advisory Services LLC bought a new stake in shares of TXO Partners in the fourth quarter valued at approximately $49,000. Arlington Trust Co LLC bought a new stake in shares of TXO Partners in the third quarter valued at approximately $56,000. Finally, CWM LLC raised its position in shares of TXO Partners by 5,389.0% in the third quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after purchasing an additional 5,389 shares during the period. 27.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings cut shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Wall Street Zen cut shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus boosted their target price on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, March 6th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.