Key Points
- Director Bob Simpson bought 65,592 TXO Partners shares on May 27 at an average price of $13.20, spending about $865,814. After the purchase, he held 8.4 million shares, a 0.79% increase in his position.
- TXO Partners recently raised its quarterly dividend to $0.36 per share from $0.30, which annualizes to $1.44 per share and implies a high yield of about 11.2%.
- The company’s latest earnings missed expectations by a wide margin, reporting EPS of -$1.35 versus a -$0.05 estimate and revenue of $28.28 million versus $110.71 million expected. Despite mixed analyst views, the stock’s consensus rating remains “Moderate Buy” with an average target price of $18.50.
TXO Partners LP (NYSE:TXO - Get Free Report) Director Bob Simpson purchased 65,592 shares of TXO Partners stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of $13.20 per share, with a total value of $865,814.40. Following the transaction, the director owned 8,400,000 shares in the company, valued at $110,880,000. This trade represents a 0.79% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
TXO Partners Stock Performance
NYSE TXO opened at $12.84 on Thursday. The company has a fifty day simple moving average of $12.62 and a 200 day simple moving average of $12.19. TXO Partners LP has a 12-month low of $10.12 and a 12-month high of $16.26. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The company has a market cap of $709.01 million, a P/E ratio of -6.98 and a beta of 0.02.
TXO Partners (NYSE:TXO - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $28.28 million during the quarter, compared to analyst estimates of $110.71 million. Sell-side analysts predict that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.
TXO Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.36 per share. This is a boost from TXO Partners's previous quarterly dividend of $0.30. The ex-dividend date was Friday, May 15th. This represents a $1.44 annualized dividend and a yield of 11.2%. TXO Partners's dividend payout ratio (DPR) is -78.26%.
Analyst Ratings Changes
TXO has been the topic of several recent analyst reports. Wall Street Zen cut TXO Partners from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Raymond James Financial restated a "strong-buy" rating on shares of TXO Partners in a research note on Wednesday, April 29th. Weiss Ratings cut TXO Partners from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, May 12th. Finally, 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. 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 given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $18.50.
View Our Latest Stock Analysis on TXO
Institutional Investors Weigh In On TXO Partners
A number of hedge funds have recently made changes to their positions in the business. Glenmede Trust Co. NA raised its stake in shares of TXO Partners by 33.1% during the 1st quarter. Glenmede Trust Co. NA now owns 104,447 shares of the company's stock worth $1,314,000 after purchasing an additional 26,000 shares during the period. Bank of America Corp DE raised its stake 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 purchasing an additional 270,465 shares during the period. Energy Income Partners LLC raised its stake in shares of TXO Partners by 27.5% during the 1st 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. First Trust Advisors LP raised its stake 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 during the period. Finally, Fund Advisors of America Inc FL bought a new stake in shares of TXO Partners during the 4th quarter worth $115,000. 27.44% of the stock is currently owned by institutional investors.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
