TXO Partners (NYSE:TXO) Director Buys $6,335,000.00 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 500,000 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $12.67 per share, with a total value of $6,335,000.00. Following the acquisition, the director directly owned 7,500,000 shares in the company, valued at $95,025,000. This trade represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TXO Partners Stock Up 1.3%

TXO opened at $13.05 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $720.88 million, a price-to-earnings ratio of -7.09 and a beta of 0.02. The business has a 50-day moving average of $12.46 and a two-hundred day moving average of $12.18. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $16.26.

TXO Partners (NYSE:TXO) last posted its quarterly earnings results on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The business had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. On average, research analysts expect that TXO Partners LP will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Friday, May 15th. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is presently -65.22%.

Hedge Funds Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP lifted its position in TXO Partners by 2.1% during the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock worth $6,511,000 after acquiring an additional 10,877 shares in the last quarter. Fund Advisors of America Inc FL acquired a new position in shares of TXO Partners in the 4th quarter valued at approximately $115,000. Alpine Global Management LLC acquired a new position in shares of TXO Partners in the 4th quarter valued at approximately $182,000. Virtu Financial LLC acquired a new position in shares of TXO Partners in the 4th quarter valued at approximately $291,000. Finally, XTX Topco Ltd acquired a new position in shares of TXO Partners in the 4th quarter valued at approximately $389,000. 27.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXO. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Stifel Nicolaus boosted their target price on TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Wall Street Zen cut TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

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.