TXO Partners LP (NYSE:TXO – Get Free Report) Director Bob Simpson acquired 58,251 shares of the company’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $13.17 per share, for a total transaction of $767,165.67. Following the purchase, the director owned 7,859,848 shares in the company, valued at approximately $103,514,198.16. This trade represents a 0.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
TXO Partners Stock Down 1.4%
TXO Partners stock opened at $13.24 on Thursday. The firm has a market cap of $731.16 million, a PE ratio of -7.19 and a beta of 0.02. 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 firm’s 50 day moving average price is $12.51 and its two-hundred day moving average price is $12.18. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $16.26.
TXO Partners (NYSE:TXO – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported ($1.35) earnings per share 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. On average, research analysts predict that TXO Partners LP will post 0.41 EPS for the current fiscal year.
TXO Partners Increases Dividend
Analysts Set New Price Targets
Several research analysts have recently commented on TXO shares. Weiss Ratings lowered shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Stifel Nicolaus raised their target price 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 restated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One equities 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.
Check Out Our Latest Stock Report on TXO Partners
Hedge Funds Weigh In On TXO Partners
Institutional investors have recently added to or reduced their stakes in the company. ING Groep NV increased its position in TXO Partners by 149.4% in the 3rd quarter. ING Groep NV now owns 404,000 shares of the company’s stock valued at $5,676,000 after acquiring an additional 242,000 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in TXO Partners in the 3rd quarter valued at about $25,402,000. Global Endowment Management LP increased its position 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 valued at $37,739,000 after acquiring an additional 952,257 shares in the last quarter. Wealthedge Investment Advisors LLC increased its position in TXO Partners by 100.1% in the 3rd quarter. Wealthedge Investment Advisors LLC now owns 177,906 shares of the company’s stock valued at $2,500,000 after acquiring an additional 88,992 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in TXO Partners by 3.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,807,967 shares of the company’s stock valued at $25,402,000 after acquiring an additional 52,903 shares in the last quarter. 27.44% of the stock is owned by institutional investors.
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.
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