TXO Partners (NYSE:TXO) Shares Gap Down – Should You Sell?

TXO Partners LP (NYSE:TXO) shares gapped down prior to trading on Tuesday . The stock had previously closed at $12.67, but opened at $12.23. TXO Partners shares last traded at $12.23, with a volume of 73,146 shares trading hands.

Wall Street Analysts Forecast Growth

TXO has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Stifel Nicolaus boosted their price target on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday. Wall Street Zen raised TXO Partners from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Raymond James Financial set a $18.00 target price on TXO Partners in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

TXO Partners Stock Performance

The stock has a market capitalization of $674.76 million, a price-to-earnings ratio of -28.41 and a beta of 0.10. The company’s fifty day simple moving average is $11.77 and its 200 day simple moving average is $12.61. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.42.

TXO Partners (NYSE:TXO) last posted its earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). TXO Partners had a negative return on equity of 2.03% and a negative net margin of 5.39%.The company had revenue of $125.93 million for the quarter, compared to analyst estimates of $111.09 million. On average, equities research analysts expect that TXO Partners LP will post 1.02 earnings per share for the current year.

TXO Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Tuesday, March 10th. TXO Partners’s payout ratio is currently -325.58%.

Insider Activity

In other news, CEO Brent W. Clum sold 19,571 shares of the stock in a transaction that occurred on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $236,221.97. Following the transaction, the chief executive officer owned 827,574 shares in the company, valued at approximately $9,988,818.18. This trade represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary D. Simpson sold 8,126 shares of TXO Partners stock in a transaction that occurred on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total value of $98,080.82. Following the sale, the chief executive officer directly owned 608,252 shares of the company’s stock, valued at approximately $7,341,601.64. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 38,386 shares of company stock valued at $463,319.

Hedge Funds Weigh In On TXO Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Wealthedge Investment Advisors LLC grew its position in shares of TXO Partners by 65.8% during the 2nd quarter. Wealthedge Investment Advisors LLC now owns 88,914 shares of the company’s stock worth $1,337,000 after purchasing an additional 35,290 shares in the last quarter. Energy Income Partners LLC boosted its stake in shares of TXO Partners by 15.4% in the second quarter. Energy Income Partners LLC now owns 904,277 shares of the company’s stock valued at $13,600,000 after buying an additional 120,663 shares during the period. Sanders Morris Harris LLC boosted its stake in shares of TXO Partners by 92.7% in the third quarter. Sanders Morris Harris LLC now owns 230,522 shares of the company’s stock valued at $3,590,000 after buying an additional 110,922 shares during the period. ING Groep NV grew its position in TXO Partners by 149.4% during the third quarter. ING Groep NV now owns 404,000 shares of the company’s stock worth $5,676,000 after buying an additional 242,000 shares in the last quarter. Finally, American Century Companies Inc. grew its position in TXO Partners by 40.7% during the second quarter. American Century Companies Inc. now owns 1,490,548 shares of the company’s stock worth $22,418,000 after buying an additional 431,234 shares in the last quarter. 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.