TXO Partners (NYSE:TXO) Director Bob Simpson Buys 87,635 Shares

TXO Partners LP (NYSE:TXOGet Free Report) Director Bob Simpson bought 87,635 shares of the stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of $12.43 per share, with a total value of $1,089,303.05. Following the acquisition, the director owned 6,837,635 shares in the company, valued at approximately $84,991,803.05. This represents a 1.30% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

TXO Partners Stock Up 1.7%

Shares of TXO Partners stock traded up $0.21 during trading hours on Monday, hitting $12.52. The company had a trading volume of 845,802 shares, compared to its average volume of 210,434. The company’s 50-day moving average is $12.45 and its two-hundred day moving average is $12.19. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $17.90. 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 cap of $691.75 million, a P/E ratio of -6.81 and a beta of 0.02.

TXO Partners (NYSE:TXOGet Free Report) last issued its 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). TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The company had revenue of $28.28 million during the quarter, compared to analyst estimates of $110.71 million. Analysts anticipate that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a yield of 11.5%. This is an increase from TXO Partners’s previous quarterly dividend of $0.30. TXO Partners’s dividend payout ratio (DPR) is currently -78.26%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TXO. Wall Street Zen cut shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus increased their price target 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. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of TXO Partners in a research note on Friday, April 10th. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.50.

Check Out Our Latest Analysis on TXO Partners

Hedge Funds Weigh In On TXO Partners

A number of large investors have recently bought and sold shares of TXO. CIBC Bancorp USA Inc. purchased a new position in TXO Partners during the 3rd quarter worth $25,402,000. Global Endowment Management LP raised its position in TXO Partners by 54.9% during 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 last quarter. JPMorgan Chase & Co. purchased a new position in TXO Partners during the 4th quarter worth $5,586,000. First Trust Advisors LP purchased a new position in TXO Partners during the 2nd quarter worth $5,830,000. Finally, ING Groep NV raised its position in TXO Partners by 149.4% during the 3rd quarter. ING Groep NV now owns 404,000 shares of the company’s stock worth $5,676,000 after buying an additional 242,000 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

About TXO Partners

(Get Free Report)

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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Insider Buying and Selling by Quarter for TXO Partners (NYSE:TXO)

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