TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 151,597 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 151,597 shares of TXO Partners stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $12.95 per share, with a total value of $1,963,181.15. Following the purchase, the director owned 7,801,597 shares in the company, valued at $101,030,681.15. The trade was a 1.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

TXO Partners Stock Up 0.6%

TXO stock opened at $13.04 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26. The company has a fifty day simple moving average of $12.47 and a 200 day simple moving average of $12.19. The firm has a market cap of $720.55 million, a PE ratio of -7.09 and a beta of 0.02.

TXO Partners (NYSE:TXO) last released its quarterly earnings data on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $28.28 million during the quarter, compared to analyst estimates of $110.71 million. Sell-side analysts anticipate that TXO Partners LP will post 0.41 EPS for the current fiscal year.

TXO Partners Increases Dividend

The firm 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 dividend yield of 11.0%. The ex-dividend date of this dividend is Friday, May 15th. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is presently -65.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TXO. CIBC Bancorp USA Inc. acquired a new position in TXO Partners during the 3rd quarter worth $25,402,000. Global Endowment Management LP lifted its position in TXO Partners by 54.9% during the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock worth $37,739,000 after acquiring an additional 952,257 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in TXO Partners during the 4th quarter worth $5,586,000. First Trust Advisors LP acquired a new position in TXO Partners during the 2nd quarter worth $5,830,000. Finally, ING Groep NV lifted its position in TXO Partners by 149.4% during the 3rd quarter. ING Groep NV now owns 404,000 shares of the company’s stock worth $5,676,000 after acquiring an additional 242,000 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TXO shares. Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Stifel Nicolaus lifted their price objective 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. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial reissued 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 issued a Buy rating, one has given 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.