TXO Partners (NYSE:TXO – Get Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “buy” rating in a note issued to investors on Saturday.
TXO has been the topic of a number of other research reports. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Raymond James Financial reissued a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Finally, Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.50.
View Our Latest Stock Report on TXO Partners
TXO Partners Stock Up 0.1%
TXO Partners (NYSE:TXO – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%.The firm had revenue of $150.87 million during the quarter, compared to analyst estimates of $116.24 million. As a group, equities analysts expect that TXO Partners will post 0.13 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Bob R. Simpson purchased 369,153 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $13.91 per share, for a total transaction of $5,134,918.23. Following the completion of the purchase, the director directly owned 9,000,000 shares of the company’s stock, valued at approximately $125,190,000. This trade represents a 4.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased 1,600,000 shares of company stock valued at $21,499,447 in the last 90 days.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Allied Private Wealth LLC purchased a new position in shares of TXO Partners in the 2nd quarter valued at $30,000. Royal Bank of Canada lifted its position in TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after acquiring an additional 1,303 shares during the last quarter. State of Wyoming purchased a new stake in TXO Partners in the second quarter valued at $45,000. Kestra Advisory Services LLC acquired a new position in TXO Partners in the fourth quarter valued at $49,000. Finally, Corient Private Wealth LLC acquired a new position in TXO Partners in the second quarter valued at $150,000. Institutional investors and hedge funds own 27.44% of the company’s stock.
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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