TXO Partners LP (NYSE:TXO – Get Free Report) Director William Adams III purchased 10,000 shares of TXO Partners stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $12.41 per share, with a total value of $124,100.00. Following the transaction, the director owned 128,951 shares in the company, valued at $1,600,281.91. The trade was a 8.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
TXO Partners Stock Performance
TXO stock traded up $0.21 on Monday, hitting $12.52. The company’s stock had a trading volume of 845,802 shares, compared to its average volume of 210,434. The firm has a 50 day moving average of $12.45 and a two-hundred day moving average of $12.19. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $17.90. The stock has a market cap of $691.75 million, a price-to-earnings ratio of -6.81 and a beta of 0.02. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46.
TXO Partners (NYSE:TXO – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported ($1.35) 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 business had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. Equities analysts predict that TXO Partners LP will post 0.41 EPS for the current fiscal year.
TXO Partners Increases Dividend
Hedge Funds Weigh In On TXO Partners
Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after purchasing an additional 1,303 shares during the period. State of Wyoming acquired a new position in shares of TXO Partners during the 2nd quarter worth $45,000. Arlington Trust Co LLC acquired a new position in shares of TXO Partners during the 3rd quarter worth $56,000. Kestra Advisory Services LLC acquired a new position in shares of TXO Partners during the 4th quarter worth $49,000. Finally, CWM LLC grew its stake in shares of TXO Partners by 5,389.0% during the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after purchasing an additional 5,389 shares during the period. 27.44% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus boosted 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. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TXO Partners in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.
Check Out Our Latest Report on TXO
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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