TXO Partners LP (NYSE:TXO – Get Free Report) Director Bob Simpson bought 162,365 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $12.50 per share, for a total transaction of $2,029,562.50. Following the acquisition, the director directly owned 7,000,000 shares in the company, valued at $87,500,000. The trade was a 2.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
TXO Partners Stock Up 1.7%
NYSE:TXO traded up $0.21 on Monday, hitting $12.52. The stock had a trading volume of 845,802 shares, compared to its average volume of 210,434. 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 stock has a market cap of $691.75 million, a P/E ratio of -6.81 and a beta of 0.02. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $17.90. The firm’s fifty day simple moving average is $12.45 and its two-hundred day simple moving average is $12.19.
TXO Partners (NYSE:TXO – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The firm had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. Analysts predict that TXO Partners LP will post 0.41 earnings per share for the current year.
TXO Partners Increases Dividend
Analyst Upgrades and Downgrades
Several equities research analysts have commented on TXO shares. Stifel Nicolaus increased their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TXO Partners in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TXO Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of TXO. Global Endowment Management LP boosted its holdings in TXO Partners by 54.9% in the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock worth $37,739,000 after buying an additional 952,257 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in TXO Partners by 12.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock worth $21,709,000 after buying an additional 226,600 shares during the period. CIBC Bancorp USA Inc. bought a new position in TXO Partners in the 3rd quarter worth approximately $25,402,000. Energy Income Partners LLC boosted its holdings in TXO Partners by 26.0% in the 3rd quarter. Energy Income Partners LLC now owns 1,139,085 shares of the company’s stock worth $16,004,000 after buying an additional 234,808 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $10,767,000 after buying an additional 35,990 shares during the period. 27.44% of the stock is owned by 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.
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