TXO Partners LP (NYSE:TXO – Get Free Report) Director Bob Simpson purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $14.43 per share, for a total transaction of $360,750.00. Following the completion of the acquisition, the director owned 9,375,000 shares of the company’s stock, valued at approximately $135,281,250. This represents a 0.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
TXO Partners Stock Down 1.9%
TXO traded down $0.27 during trading hours on Thursday, hitting $14.17. 360,960 shares of the company’s stock were exchanged, compared to its average volume of 144,340. The stock has a market cap of $785.50 million, a price-to-earnings ratio of -18.40 and a beta of 0.04. TXO Partners LP has a 1-year low of $10.12 and a 1-year high of $14.83. The stock’s 50-day moving average is $13.05 and its two-hundred day moving average is $12.74. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42.
TXO Partners (NYSE:TXO – Get Free Report) last issued 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 net margin of 9.23% and a negative return on equity of 5.59%. The company had revenue of $150.87 million for the quarter, compared to analysts’ expectations of $116.24 million. Sell-side analysts predict that TXO Partners LP will post 0.13 earnings per share for the current fiscal year.
TXO Partners Increases Dividend
Hedge Funds Weigh In On TXO Partners
Several institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its holdings 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 buying an additional 226,600 shares in the last quarter. Energy Income Partners LLC grew its holdings in 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 purchasing an additional 312,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $10,767,000 after purchasing an additional 35,990 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of TXO Partners during the fourth quarter valued at about $5,586,000. Finally, First Trust Advisors LP boosted its position in shares of TXO Partners by 2.1% during the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company’s stock worth $6,511,000 after purchasing an additional 10,877 shares in the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently weighed in on TXO. Wall Street Zen raised TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of TXO Partners in a research note on Friday, August 7th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a 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 report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.
View Our Latest Stock Analysis 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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