Key Points
- Brent Clum, TXO Partners CEO, sold 27,234 shares on April 1 at an average price of $12.38 for about $337,156.92, reducing his stake by 3.29% to 800,340 shares (~$9.91M).
- TXO missed on EPS for the quarter (-$0.57 vs. $0.10 expected) despite revenue of $125.93M beating estimates, and recently paid a $0.30 quarterly dividend (annualized $1.20) implying a 9.6% yield
- The stock trades near $12.50 with a 52-week range of $10.12–$18.91 and a market cap of about $691M; analysts show mixed views but an average rating of "Moderate Buy" and an average target of $18.50.
TXO Partners LP (NYSE:TXO - Get Free Report) CEO Brent Clum sold 27,234 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $12.38, for a total transaction of $337,156.92. Following the completion of the sale, the chief executive officer owned 800,340 shares of the company's stock, valued at $9,908,209.20. The trade was a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
TXO Partners Stock Up 1.1%
NYSE:TXO opened at $12.52 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.62 and a current ratio of 0.62. TXO Partners LP has a 52-week low of $10.12 and a 52-week high of $18.91. The company has a market cap of $691.33 million, a price-to-earnings ratio of -29.10 and a beta of 0.04. The stock's fifty day moving average price is $12.45 and its two-hundred day moving average price is $12.47.
TXO Partners (NYSE:TXO - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.57) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.67). The firm had revenue of $125.93 million during the quarter, compared to analyst estimates of $111.09 million. TXO Partners had a negative return on equity of 2.03% and a negative net margin of 5.39%. On average, analysts anticipate that TXO Partners LP will post 1.02 EPS for the current year.
TXO Partners Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.20 annualized dividend and a yield of 9.6%. TXO Partners's dividend payout ratio is presently -279.07%.
Institutional Trading of TXO Partners
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Energy Income Partners LLC increased its stake in shares of TXO Partners by 15.4% during the second quarter. Energy Income Partners LLC now owns 904,277 shares of the company's stock worth $13,600,000 after purchasing an additional 120,663 shares during the period. Sanders Morris Harris LLC grew its holdings in TXO Partners by 92.7% in the 3rd quarter. Sanders Morris Harris LLC now owns 230,522 shares of the company's stock valued at $3,590,000 after buying an additional 110,922 shares in the last quarter. ING Groep NV increased its position in TXO Partners by 149.4% during the 3rd quarter. ING Groep NV now owns 404,000 shares of the company's stock worth $5,676,000 after buying an additional 242,000 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of TXO Partners during the third quarter worth $25,402,000. Finally, Wealthedge Investment Advisors LLC boosted its position in shares of TXO Partners by 100.1% in the third quarter. Wealthedge Investment Advisors LLC now owns 177,906 shares of the company's stock valued at $2,500,000 after acquiring an additional 88,992 shares during the period. Institutional investors own 27.44% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Stifel Nicolaus boosted their target price on TXO Partners from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, March 6th. Weiss Ratings downgraded TXO Partners from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, January 12th. Raymond James Financial set a $18.00 price objective on TXO Partners in a report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of TXO Partners from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. One 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, TXO Partners currently has an average rating of "Moderate Buy" and an average target price of $18.50.
Read Our Latest Stock Analysis on TXO
About TXO Partners
(
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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