TXO Partners (NYSE:TXO) Director Bob Simpson Purchases 100,000 Shares

TXO Partners LP (NYSE:TXO) Director Bob Simpson acquired 100,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $13.52 per share, for a total transaction of $1,352,000.00. Following the acquisition, the director directly owned 9,200,000 shares of the company’s stock, valued at approximately $124,384,000. This trade represents a 1.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

TXO Partners Stock Up 2.4%

Shares of TXO traded up $0.34 during trading hours on Tuesday, hitting $14.36. The stock had a trading volume of 313,407 shares, compared to its average volume of 195,806. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $13.00 and a 200-day simple moving average of $12.67. The firm has a market capitalization of $795.93 million, a P/E ratio of -18.64 and a beta of 0.04. TXO Partners LP has a 1-year low of $10.12 and a 1-year high of $14.83.

TXO Partners (NYSE:TXO) last issued its earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%.The business had revenue of $150.87 million during the quarter, compared to analyst estimates of $116.24 million. Sell-side analysts predict that TXO Partners LP will post 0.13 EPS for the current fiscal year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.40 per share. This is a positive change from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Friday, August 14th. TXO Partners’s dividend payout ratio is presently -207.79%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC boosted its position in shares of TXO Partners by 12.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock valued at $21,709,000 after buying an additional 226,600 shares during the last quarter. Energy Income Partners LLC raised its position in TXO Partners by 27.5% in the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after buying an additional 312,120 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TXO Partners by 5.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock valued at $10,767,000 after buying an additional 35,990 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in TXO Partners in the 4th quarter valued at $5,586,000. Finally, First Trust Advisors LP lifted its stake in TXO Partners by 2.1% during the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock valued at $6,511,000 after acquiring an additional 10,877 shares in the last quarter. Institutional investors own 27.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TXO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of TXO Partners in a report on Friday. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.50.

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.