Bob Simpson Purchases 63,282 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 63,282 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of $12.64 per share, with a total value of $799,884.48. Following the completion of the purchase, the director owned 9,100,000 shares of the company’s stock, valued at $115,024,000. This trade represents a 0.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

TXO Partners Stock Down 2.3%

Shares of NYSE:TXO traded down $0.29 during trading hours on Wednesday, hitting $12.42. The company’s stock had a trading volume of 182,327 shares, compared to its average volume of 212,893. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $15.55. 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 company has a market capitalization of $686.08 million, a price-to-earnings ratio of -6.75 and a beta of 0.06. The firm’s fifty day moving average price is $12.78 and its 200 day moving average price is $12.20.

TXO Partners (NYSE:TXO) last released its quarterly earnings data 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). The business had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. As a group, research analysts expect 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. Shareholders of record on Friday, May 15th were given a dividend of $0.36 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.44 annualized dividend and a yield of 11.6%. TXO Partners’s payout ratio is -78.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TXO shares. Weiss Ratings downgraded TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Stifel Nicolaus boosted their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Institutional Investors Weigh In On TXO Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Endowment Management LP grew its stake in shares of TXO Partners by 54.9% during the third quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock worth $37,739,000 after acquiring an additional 952,257 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in TXO Partners by 12.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock worth $21,709,000 after purchasing an additional 226,600 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in TXO Partners during the 3rd quarter worth approximately $25,402,000. Energy Income Partners LLC increased its stake in TXO Partners by 27.5% during the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after purchasing an additional 312,120 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TXO Partners by 5.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock worth $10,767,000 after buying an additional 35,990 shares during the last quarter. 27.44% of the stock is currently owned by hedge funds and other institutional investors.

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.