TXO Partners (NYSE:TXO) Director Bob Simpson Acquires 230,847 Shares of Stock

TXO Partners LP (NYSE:TXO) Director Bob Simpson purchased 230,847 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $13.41 per share, with a total value of $3,095,658.27. Following the transaction, the director directly owned 8,630,847 shares of the company’s stock, valued at approximately $115,739,658.27. This represents a 2.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

TXO Partners Price Performance

Shares of NYSE:TXO opened at $13.50 on Thursday. TXO Partners LP has a 52 week low of $10.12 and a 52 week high of $16.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43. The company’s fifty day moving average is $12.68 and its 200-day moving average is $12.17. The company has a market capitalization of $745.74 million, a PE ratio of -7.34 and a beta of 0.06.

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

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.7%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, May 15th. TXO Partners’s dividend payout ratio is presently -78.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TXO shares. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Wall Street Zen cut TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Finally, Stifel Nicolaus lifted their target price on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report 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 issued a Sell rating to the stock. Based on data from MarketBeat, TXO Partners has an average rating of “Moderate Buy” and an average target price of $18.50.

Institutional Investors Weigh In On TXO Partners

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after purchasing an additional 1,303 shares during the period. State of Wyoming purchased a new position in TXO Partners in the second quarter valued at $45,000. Kestra Advisory Services LLC purchased a new position in TXO Partners in the fourth quarter valued at $49,000. Fund Advisors of America Inc FL purchased a new position in TXO Partners in the fourth quarter valued at $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in TXO Partners by 243.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after purchasing an additional 7,779 shares during the period. 27.44% of the stock is owned by institutional investors and hedge funds.

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.