Key Points
- TXO Partners director Bob Simpson bought 58,251 shares on May 18 at an average price of $13.17, spending about $767,166 and raising his stake by 0.75% to 7.86 million shares.
- The company recently increased its quarterly dividend to $0.36 per share from $0.30, implying a $1.44 annualized payout and a high 10.9% yield.
- TXO’s latest quarterly results missed expectations, with EPS of -$1.35 versus a -$0.05 estimate and revenue of $28.28 million versus $110.71 million expected; analysts currently have a Moderate Buy consensus target of $18.50.
TXO Partners LP (NYSE:TXO - Get Free Report) Director Bob Simpson acquired 58,251 shares of the business's stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $13.17 per share, for a total transaction of $767,165.67. Following the completion of the acquisition, the director directly owned 7,859,848 shares of the company's stock, valued at $103,514,198.16. This trade represents a 0.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
TXO Partners Stock Down 1.4%
TXO Partners stock opened at $13.24 on Thursday. The stock has a market capitalization of $731.16 million, a PE ratio of -7.19 and a beta of 0.02. TXO Partners LP has a twelve month low of $10.12 and a twelve month high of $16.26. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $12.51 and a 200-day moving average of $12.18.
TXO Partners (NYSE:TXO - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The company had revenue of $28.28 million during the quarter, compared to analyst estimates of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. On average, equities research analysts anticipate that TXO Partners LP will post 0.41 EPS for the current fiscal year.
TXO Partners Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, May 15th. This is a positive change from TXO Partners's previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 10.9%. TXO Partners's dividend payout ratio is currently -78.26%.
Institutional Investors Weigh In On TXO Partners
Large investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of TXO Partners by 259.3% during the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company's stock worth $4,715,000 after buying an additional 270,465 shares in the last quarter. Energy Income Partners LLC grew its position 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 valued at $18,229,000 after acquiring an additional 312,120 shares during the last quarter. First Trust Advisors LP grew its position in TXO Partners by 2.1% in the first quarter. First Trust Advisors LP now owns 517,597 shares of the company's stock valued at $6,511,000 after acquiring an additional 10,877 shares during the last quarter. Fund Advisors of America Inc FL bought a new position in TXO Partners in the fourth quarter valued at about $115,000. Finally, Alpine Global Management LLC bought a new position in TXO Partners in the fourth quarter valued at about $182,000. Institutional investors and hedge funds own 27.44% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently commented on TXO. Wall Street Zen cut shares of TXO Partners from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Stifel Nicolaus increased their target price on shares of TXO Partners from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, March 6th. Weiss Ratings lowered shares of TXO Partners from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, May 12th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of TXO Partners in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TXO Partners presently has an average rating of "Moderate Buy" and a consensus target price of $18.50.
Get Our Latest Stock Report on TXO Partners
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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