TXO Partners (NYSE:TXO) Director Bob Simpson Buys 64,475 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 64,475 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $13.02 per share, with a total value of $839,464.50. Following the transaction, the director directly owned 7,650,000 shares in the company, valued at $99,603,000. This trade represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TXO Partners Trading Up 0.6%

NYSE:TXO opened at $13.04 on Friday. 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 LP has a 1-year low of $10.12 and a 1-year high of $16.26. The firm has a market capitalization of $720.55 million, a price-to-earnings ratio of -7.09 and a beta of 0.02. The stock has a fifty day simple moving average of $12.47 and a 200 day simple moving average of $12.19.

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 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 analyst estimates of $110.71 million. Sell-side analysts forecast that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be given a $0.36 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.0%. TXO Partners’s dividend payout ratio is -65.22%.

Institutional Investors Weigh In On TXO Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in TXO. Hsbc Holdings PLC purchased a new stake in shares of TXO Partners during the 2nd quarter worth about $380,000. M&T Bank Corp raised its stake in shares of TXO Partners by 33.3% during the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock worth $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 during the 2nd quarter worth about $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TXO Partners by 5.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock worth $10,767,000 after purchasing an additional 35,990 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of TXO Partners by 39.1% during the 2nd quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock worth $4,587,000 after purchasing an additional 85,684 shares in the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXO has been the subject of several research analyst reports. Stifel Nicolaus increased 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. Weiss Ratings downgraded TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One equities 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 issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.