TXO Partners (NYSE:TXO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TXO Partners (NYSE:TXO) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities research analysts have also commented on TXO. Raymond James Financial set a $18.00 price target on TXO Partners in a research note on Tuesday, January 27th. Stifel Nicolaus raised their price objective on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings cut TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.50.

TXO Partners Stock Up 0.3%

Shares of NYSE TXO opened at $12.66 on Friday. The stock has a market capitalization of $699.12 million, a price-to-earnings ratio of -29.43 and a beta of 0.10. TXO Partners has a 52 week low of $10.12 and a 52 week high of $20.24. The firm has a 50-day moving average price of $11.77 and a 200 day moving average price of $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 issued its earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate 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. Equities research analysts anticipate that TXO Partners will post 1.02 EPS for the current fiscal year.

TXO Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Tuesday, March 10th. TXO Partners’s dividend payout ratio is currently -325.58%.

Insider Activity at TXO Partners

In related news, CAO Scott T. Agosta sold 10,689 shares of TXO Partners stock in a transaction dated Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $129,016.23. Following the completion of the sale, the chief accounting officer owned 205,474 shares in the company, valued at approximately $2,480,071.18. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brent W. Clum sold 19,571 shares of TXO Partners stock in a transaction dated Saturday, January 31st. The stock was sold at an average price of $12.07, for a total value of $236,221.97. Following the sale, the chief executive officer owned 827,574 shares of the company’s stock, valued at approximately $9,988,818.18. This represents a 2.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,386 shares of company stock valued at $463,319 over the last quarter.

Hedge Funds Weigh In On TXO Partners

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after buying an additional 1,303 shares during the period. State of Wyoming purchased a new stake in TXO Partners in the 2nd quarter worth approximately $45,000. Kestra Advisory Services LLC purchased a new stake in TXO Partners in the 4th quarter worth approximately $49,000. Arlington Trust Co LLC acquired a new position in TXO Partners in the 3rd quarter valued at $56,000. Finally, CWM LLC lifted its stake in shares of TXO Partners by 5,389.0% during the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after purchasing an additional 5,389 shares during the period. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.