TXO Partners LP (NYSE:TXO – Get Free Report) Director Bob Simpson purchased 104,451 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $13.77 per share, with a total value of $1,438,290.27. Following the completion of the acquisition, the director owned 8,300,000 shares of the company’s stock, valued at approximately $114,291,000. The trade was a 1.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TXO Partners Price Performance
Shares of NYSE TXO traded down $0.41 during trading on Tuesday, reaching $13.30. The company had a trading volume of 157,103 shares, compared to its average volume of 214,268. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $16.26. The stock has a market capitalization of $734.69 million, a PE ratio of -7.23 and a beta of 0.02. The stock has a 50-day moving average price of $12.60 and a two-hundred day moving average price of $12.19. 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%.The company had revenue of $28.28 million during the quarter, compared to analyst estimates of $110.71 million. As a group, sell-side analysts predict that TXO Partners LP will post 0.41 earnings per share for the current year.
TXO Partners Increases Dividend
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on TXO shares. Wall Street Zen downgraded shares of TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Stifel Nicolaus upped 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. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.50.
Read Our Latest Stock Report on TXO
Institutional Trading of TXO Partners
Several institutional investors have recently made changes to their positions in the stock. Global Endowment Management LP grew its stake in shares of TXO Partners by 54.9% during the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock valued at $37,739,000 after buying an additional 952,257 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of TXO Partners by 12.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock valued at $21,709,000 after buying an additional 226,600 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of TXO Partners during the 3rd quarter valued at $25,402,000. Energy Income Partners LLC grew its stake in shares of TXO Partners by 27.5% during the 1st quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock valued at $18,229,000 after buying an additional 312,120 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in TXO Partners by 5.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock worth $10,767,000 after purchasing an additional 35,990 shares in the last quarter. 27.44% of the stock is owned by hedge funds and other 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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