TXO Partners (NYSE:TXO) Posts Earnings Results, Misses Expectations By $0.67 EPS

TXO Partners (NYSE:TXO) announced its quarterly earnings data on Thursday. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67), Zacks reports. The business had revenue of $125.93 million during the quarter, compared to analysts’ expectations of $111.09 million. TXO Partners had a net margin of 4.62% and a return on equity of 3.64%.

TXO Partners Trading Up 0.3%

Shares of TXO stock traded up $0.04 during trading hours on Friday, reaching $12.56. The company’s stock had a trading volume of 44,322 shares, compared to its average volume of 181,819. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.37. TXO Partners has a one year low of $10.12 and a one year high of $20.24. The stock has a market capitalization of $687.81 million, a P/E ratio of 31.38 and a beta of 0.13. The firm’s fifty day simple moving average is $11.49 and its 200 day simple moving average is $12.70.

TXO Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Tuesday, March 10th. TXO Partners’s dividend payout ratio (DPR) is currently 350.00%.

Analyst Upgrades and Downgrades

TXO has been the topic of several analyst reports. Weiss Ratings downgraded TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Raymond James Financial set a $18.00 price target on TXO Partners in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TXO Partners currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Insider Buying and Selling

In related news, CEO Gary D. Simpson sold 8,126 shares of the firm’s stock in a transaction on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total value of $98,080.82. Following the completion of the sale, the chief executive officer owned 608,252 shares of the company’s stock, valued at $7,341,601.64. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brent W. Clum sold 19,571 shares of the company’s stock in a transaction on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $236,221.97. Following the completion of the transaction, the chief executive officer owned 827,574 shares of the company’s stock, valued at $9,988,818.18. This trade represents a 2.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,386 shares of company stock valued at $463,319 over the last quarter.

Institutional Trading of TXO Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC purchased a new position in TXO Partners during the second quarter valued at $380,000. M&T Bank Corp lifted its position in TXO Partners by 33.3% in the 2nd 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. First Trust Advisors LP purchased a new stake in TXO Partners during the 2nd quarter valued at $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 worth $10,767,000 after purchasing an additional 35,990 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of TXO Partners by 39.1% in the second quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock worth $4,587,000 after purchasing an additional 85,684 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

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.