ING Groep NV Has $5.38 Million Position in TXO Partners LP $TXO

ING Groep NV increased its stake in shares of TXO Partners LP (NYSE:TXO) by 24.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 504,000 shares of the company’s stock after buying an additional 100,000 shares during the quarter. ING Groep NV’s holdings in TXO Partners were worth $5,378,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TXO. State of Wyoming acquired a new stake in shares of TXO Partners during the second quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. raised its position in TXO Partners by 243.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after acquiring an additional 7,779 shares in the last quarter. Corient Private Wealth LLC bought a new position in TXO Partners during the second quarter valued at approximately $150,000. IMC Chicago LLC bought a new position in TXO Partners during the third quarter valued at approximately $210,000. Finally, M&T Bank Corp raised its position in TXO Partners by 33.3% during the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock valued at $301,000 after acquiring an additional 5,000 shares in the last quarter. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TXO Partners

In related news, Director Bob R. Simpson bought 500,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $12.67 per share, with a total value of $6,335,000.00. Following the completion of the transaction, the director owned 7,500,000 shares of the company’s stock, valued at $95,025,000. The trade was a 7.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 2,260,000 shares of company stock worth $29,816,717 over the last 90 days.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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. Stifel Nicolaus raised their price objective 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. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TXO Partners has a consensus rating of “Moderate Buy” and an average target price of $18.50.

TXO Partners Trading Up 1.4%

Shares of TXO stock opened at $13.63 on Tuesday. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26. The firm’s fifty day simple moving average is $12.72 and its 200 day simple moving average is $12.18. The firm has a market capitalization of $753.14 million, a P/E ratio of -7.41 and a beta of 0.06. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46.

TXO Partners (NYSE:TXO) last announced its earnings results on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%.The company had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. As a group, sell-side analysts predict that TXO Partners LP will post 0.41 EPS for the current year.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.6%. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. TXO Partners’s payout ratio is presently -78.26%.

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.