TXO Partners (NYSE:TXO) Director Purchases $708,500.00 in Stock

TXO Partners LP (NYSE:TXOGet Free Report) Director Bob Simpson acquired 50,000 shares of the stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $14.17 per share, with a total value of $708,500.00. Following the completion of the purchase, the director directly owned 9,250,000 shares of the company’s stock, valued at approximately $131,072,500. This trade represents a 0.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

TXO Partners Stock Performance

NYSE:TXO traded up $0.34 during midday trading on Tuesday, hitting $14.36. The company’s stock had a trading volume of 313,407 shares, compared to its average volume of 195,806. TXO Partners LP has a fifty-two week low of $10.12 and a fifty-two week high of $14.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $795.93 million, a P/E ratio of -18.64 and a beta of 0.04. The firm’s 50 day moving average is $13.00 and its 200-day moving average is $12.67.

TXO Partners (NYSE:TXOGet Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.11 by $0.96. The business had revenue of $150.87 million during the quarter, compared to analysts’ expectations of $116.24 million. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. Equities analysts anticipate that TXO Partners LP will post 0.13 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be given a dividend of $0.40 per share. This is a boost from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Friday, August 14th. TXO Partners’s payout ratio is presently -207.79%.

Hedge Funds Weigh In On TXO Partners

Several large investors have recently made changes to their positions in TXO. JPMorgan Chase & Co. purchased a new stake in TXO Partners during the fourth quarter worth $5,586,000. First Trust Advisors LP purchased a new position in TXO Partners in the second quarter valued at $5,830,000. Energy Income Partners LLC raised its position in shares of TXO Partners by 27.5% in the first quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company’s stock worth $18,229,000 after acquiring an additional 312,120 shares during the period. Bank of America Corp DE raised its position in shares of TXO Partners by 259.3% in the first quarter. Bank of America Corp DE now owns 374,780 shares of the company’s stock worth $4,715,000 after acquiring an additional 270,465 shares during the period. Finally, CIBC Private Wealth Group LLC boosted 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 worth $21,709,000 after acquiring an additional 226,600 shares in the last quarter. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a research report on Wednesday, April 29th. Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TXO Partners in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, TXO Partners has an average rating of “Moderate Buy” and an average price target of $18.50.

Check Out Our Latest Analysis on TXO

TXO Partners Company Profile

(Get Free Report)

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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