TXO Partners LP (NYSE:TXO – Get Free Report) Director Bob Simpson acquired 100,000 shares of TXO Partners stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $13.52 per share, with a total value of $1,352,000.00. Following the purchase, the director owned 9,200,000 shares of the company’s stock, valued at $124,384,000. This represents a 1.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
TXO Partners Stock Up 2.4%
Shares of NYSE:TXO opened at $14.36 on Wednesday. The firm has a fifty day moving average price of $13.02 and a two-hundred day moving average price of $12.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. TXO Partners LP has a one year low of $10.12 and a one year high of $14.83. The company has a market cap of $795.98 million, a price-to-earnings ratio of -18.64 and a beta of 0.04.
TXO Partners (NYSE:TXO – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. The firm had revenue of $150.87 million during the quarter, compared to analyst estimates of $116.24 million. Analysts anticipate that TXO Partners LP will post 0.13 EPS for the current fiscal year.
TXO Partners Increases Dividend
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Allied Private Wealth LLC bought a new position in shares of TXO Partners during the 2nd quarter valued at about $30,000. Royal Bank of Canada lifted its position in TXO Partners by 100.2% in the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after buying an additional 1,303 shares during the last quarter. State of Wyoming purchased a new stake in TXO Partners in the second quarter worth approximately $45,000. Kestra Advisory Services LLC purchased a new stake in TXO Partners in the fourth quarter worth approximately $49,000. Finally, Corient Private Wealth LLC bought a new position in TXO Partners during the second quarter valued at approximately $150,000. Institutional investors own 27.44% of the company’s stock.
Analyst Ratings Changes
TXO has been the topic of several recent analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TXO Partners in a research note on Friday. Finally, Zacks Research raised shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.
Get Our Latest Research Report on TXO Partners
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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