Bob Simpson Purchases 100,000 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $14.27 per share, for a total transaction of $1,427,000.00. Following the acquisition, the director owned 9,350,000 shares in the company, valued at approximately $133,424,500. This trade represents a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

TXO Partners Stock Performance

NYSE TXO traded up $0.34 on Tuesday, hitting $14.36. The stock had a trading volume of 313,407 shares, compared to its average volume of 195,806. TXO Partners LP has a one year low of $10.12 and a one year high of $14.83. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock has a market cap of $795.93 million, a price-to-earnings ratio of -18.64 and a beta of 0.04. The company’s 50-day moving average is $13.00 and its two-hundred day moving average is $12.67.

TXO Partners (NYSE:TXO) last posted its earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.11 by $0.96. The firm had revenue of $150.87 million for the quarter, compared to analysts’ expectations of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. On average, analysts expect that TXO Partners LP will post 0.13 earnings per share for the current year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 11.1%. TXO Partners’s dividend payout ratio (DPR) is currently -207.79%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TXO. Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of TXO Partners in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Hedge Funds Weigh In On TXO Partners

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of TXO Partners by 100.2% during the 4th 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. Allied Private Wealth LLC acquired a new stake in shares of TXO Partners in the second quarter valued at $30,000. State of Wyoming bought a new position in TXO Partners during the second quarter valued at about $45,000. Kestra Advisory Services LLC bought a new position in TXO Partners during the fourth quarter valued at about $49,000. Finally, M&T Bank Corp grew its holdings in TXO Partners by 33.3% during the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock worth $301,000 after acquiring an additional 5,000 shares during the period. 27.44% of the stock is currently owned by institutional investors and hedge funds.

About TXO Partners

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.