TXO Partners (NYSE:TXO) Posts Earnings Results, Beats Estimates By $0.96 EPS

TXO Partners (NYSE:TXO) announced its quarterly earnings results on Tuesday. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.96, FiscalAI reports. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The company had revenue of $150.87 million for the quarter, compared to analysts’ expectations of $116.24 million.

TXO Partners Stock Down 1.5%

Shares of TXO traded down $0.19 during midday trading on Tuesday, hitting $12.98. The stock had a trading volume of 171,238 shares, compared to its average volume of 194,774. The firm has a market cap of $716.90 million, a price-to-earnings ratio of -7.05 and a beta of 0.04. The company has a 50 day simple moving average of $12.95 and a two-hundred day simple moving average of $12.58. TXO Partners has a twelve month low of $10.12 and a twelve month high of $15.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43.

Insider Activity

In other news, Director Bob R. Simpson acquired 500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $12.67 per share, for a total transaction of $6,335,000.00. Following the completion of the acquisition, the director owned 7,500,000 shares in the company, valued at $95,025,000. This represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought 2,360,000 shares of company stock worth $31,077,413 in the last ninety days.

Hedge Funds Weigh In On TXO Partners

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in shares of TXO Partners during the 4th quarter worth about $5,586,000. First Trust Advisors LP acquired a new stake in shares of TXO Partners in the second quarter valued at about $5,830,000. Energy Income Partners LLC increased its position in shares of TXO Partners by 26.0% in the third quarter. Energy Income Partners LLC now owns 1,139,085 shares of the company’s stock valued at $16,004,000 after acquiring an additional 234,808 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in TXO Partners by 12.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock worth $21,709,000 after acquiring an additional 226,600 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its holdings in TXO Partners by 39.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 382,702 shares of the company’s stock worth $5,377,000 after acquiring an additional 107,724 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Zacks Research downgraded TXO Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, TXO Partners currently has an average rating of “Hold” 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.