Key Points
- Director Bob Simpson bought 64,475 TXO Partners shares at an average price of $13.02, spending about $839,465 and lifting his direct stake to 7.65 million shares.
- TXO Partners reported a worse-than-expected quarterly loss of $1.35 per share, far below the consensus estimate, on revenue of $28.28 million versus expectations of $110.71 million.
- The company raised its quarterly dividend to $0.36 per share, implying an 11.0% annualized yield, while analysts currently hold a Moderate Buy consensus with an average price target of $18.50.
TXO Partners LP (NYSE:TXO - Get Free Report) Director Bob Simpson purchased 64,475 shares of the business's stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $13.02 per share, with a total value of $839,464.50. Following the completion of the purchase, the director directly owned 7,650,000 shares in the company, valued at approximately $99,603,000. This represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
TXO Partners Stock Up 0.6%
TXO opened at $13.04 on Friday. TXO Partners LP has a fifty-two week low of $10.12 and a fifty-two week high of $16.26. The business has a 50-day moving average of $12.47 and a 200-day moving average of $12.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $720.55 million, a PE ratio of -7.09 and a beta of 0.02.
TXO Partners (NYSE:TXO - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($1.30). TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The company had revenue of $28.28 million during the quarter, compared to the consensus estimate of $110.71 million. Equities research analysts forecast that TXO Partners LP will post 0.41 EPS for the current fiscal year.
TXO Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from TXO Partners's previous quarterly dividend of $0.30. TXO Partners's dividend payout ratio (DPR) is -65.22%.
Analyst Upgrades and Downgrades
TXO has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price objective on TXO Partners from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, March 6th. Wall Street Zen downgraded TXO Partners from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Weiss Ratings downgraded TXO Partners from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of TXO Partners in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.50.
Get Our Latest Stock Report on TXO Partners
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its position in TXO Partners by 2.1% in the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company's stock worth $6,511,000 after buying an additional 10,877 shares during the period. Fund Advisors of America Inc FL bought a new position in TXO Partners in the 4th quarter worth approximately $115,000. Alpine Global Management LLC bought a new position in TXO Partners in the 4th quarter worth approximately $182,000. Virtu Financial LLC bought a new position in TXO Partners in the 4th quarter worth approximately $291,000. Finally, XTX Topco Ltd bought a new position in TXO Partners in the 4th quarter worth approximately $389,000. 27.44% of the stock is owned by institutional investors.
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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