TXO Partners LP (NYSE:TXO – Get Free Report) Director Bob Simpson acquired 63,282 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average cost of $12.64 per share, with a total value of $799,884.48. Following the purchase, the director directly owned 9,100,000 shares of the company’s stock, valued at $115,024,000. This trade represents a 0.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
TXO Partners Stock Up 0.3%
NYSE:TXO opened at $12.53 on Friday. TXO Partners LP has a one year low of $10.12 and a one year high of $15.55. 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 $692.16 million, a PE ratio of -6.81 and a beta of 0.06. The firm’s 50 day simple moving average is $12.80 and its 200 day simple moving average is $12.21.
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 (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 for the quarter, compared to the consensus estimate of $110.71 million. On average, research analysts anticipate that TXO Partners LP will post 0.2 earnings per share for the current year.
TXO Partners Increases Dividend
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in TXO. Hsbc Holdings PLC acquired a new position in shares of TXO Partners in the 2nd quarter valued at about $380,000. M&T Bank Corp grew its stake in TXO Partners by 33.3% during the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock worth $301,000 after purchasing an additional 5,000 shares during the period. First Trust Advisors LP acquired a new stake in TXO Partners during the second quarter worth approximately $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TXO Partners by 5.3% in the second 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. Finally, Raymond James Financial Inc. increased its holdings in TXO Partners by 39.1% in the second quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock worth $4,587,000 after purchasing an additional 85,684 shares in the last quarter. 27.44% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on TXO. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Weiss Ratings cut TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Stifel Nicolaus boosted their price target on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. One investment 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.
Read Our Latest Analysis on TXO Partners
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.
Featured Stories
- Five stocks we like better than TXO Partners
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Receive News & Ratings for TXO Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TXO Partners and related companies with MarketBeat.com's FREE daily email newsletter.
