Insider Buying: TXO Partners (NYSE:TXO) Director Acquires $456,594.16 in Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 34,408 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $13.27 per share, with a total value of $456,594.16. Following the completion of the acquisition, the director directly owned 8,334,408 shares in the company, valued at $110,597,594.16. The trade was a 0.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TXO Partners Price Performance

NYSE:TXO opened at $12.94 on Friday. The firm has a market cap of $714.92 million, a PE ratio of -7.03 and a beta of 0.02. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $16.26. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $12.63 and its two-hundred day moving average price is $12.19.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). The firm had revenue of $28.28 million during the quarter, compared to analyst estimates 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, equities analysts anticipate that TXO Partners LP will post 0.41 EPS for the current fiscal year.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 11.1%. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, May 15th. TXO Partners’s dividend payout ratio (DPR) is presently -78.26%.

Analysts Set New Price Targets

A number of research firms have commented on TXO. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Stifel Nicolaus boosted their price target on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Finally, Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Institutional Trading of TXO Partners

Several hedge funds have recently modified their holdings of TXO. Royal Bank of Canada boosted its position in TXO Partners by 100.2% in the 4th 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 last quarter. State of Wyoming bought a new position in TXO Partners in the 2nd quarter valued at $45,000. Kestra Advisory Services LLC bought a new position in TXO Partners in the 4th quarter valued at $49,000. Fund Advisors of America Inc FL bought a new position in TXO Partners in the 4th quarter valued at $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in TXO Partners by 243.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after buying an additional 7,779 shares during the last quarter. 27.44% of the stock is owned by institutional investors.

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.