Key Points
- Director Bob Simpson bought 230,847 TXO Partners shares on June 2 at an average price of $13.41 per share, a transaction worth about $3.1 million. After the purchase, his stake rose to 8.63 million shares.
- TXO Partners recently raised its quarterly dividend to $0.36 per share from $0.30, implying an annualized yield of about 10.7%. The company’s payout ratio is currently negative due to ongoing losses.
- The company reported a wider-than-expected quarterly loss, posting ($1.35) EPS versus analysts’ estimate of a small loss and revenue well below forecasts. Despite mixed analyst views, the stock’s consensus rating remains Moderate Buy with an average price target of $18.50.
TXO Partners LP (NYSE:TXO - Get Free Report) Director Bob Simpson bought 230,847 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average price of $13.41 per share, with a total value of $3,095,658.27. Following the completion of the acquisition, the director owned 8,630,847 shares of the company's stock, valued at $115,739,658.27. This trade represents a 2.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
TXO Partners Price Performance
Shares of NYSE TXO opened at $13.50 on Thursday. The company has a market capitalization of $745.74 million, a price-to-earnings ratio of -7.34 and a beta of 0.06. 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 business has a 50-day moving average of $12.68 and a two-hundred day moving average of $12.17. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $16.26.
TXO Partners (NYSE:TXO - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($1.30). The business had revenue of $28.28 million for the quarter, compared to analysts' expectations of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. On average, analysts forecast that TXO Partners LP will post 0.41 earnings per share for the current fiscal year.
TXO Partners Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were issued a dividend of $0.36 per share. This is a positive change from TXO Partners's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a yield of 10.7%. TXO Partners's dividend payout ratio (DPR) is presently -78.26%.
Wall Street Analyst Weigh In
TXO has been the topic of a number of research analyst reports. Wall Street Zen cut TXO Partners from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Weiss Ratings cut TXO Partners from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, May 12th. Stifel Nicolaus lifted their target price on shares of TXO Partners from $18.00 to $19.00 and gave the company a "buy" rating in a report on Friday, March 6th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of TXO Partners in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $18.50.
Read Our Latest Research Report on TXO
Institutional Investors Weigh In On TXO Partners
A number of institutional investors have recently added to or reduced their stakes in TXO. Royal Bank of Canada boosted its holdings in TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company's stock worth $28,000 after buying an additional 1,303 shares in the last quarter. State of Wyoming purchased a new stake in shares of TXO Partners during the 2nd quarter worth approximately $45,000. Kestra Advisory Services LLC purchased a new stake in shares of TXO Partners during the 4th quarter worth approximately $49,000. M&T Bank Corp boosted its stake in shares of TXO Partners by 33.3% during the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company's stock worth $301,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of TXO Partners by 2.0% during the 3rd quarter. Raymond James Financial Inc. now owns 311,151 shares of the company's stock worth $4,372,000 after acquiring an additional 6,171 shares in the last quarter. Hedge funds and other institutional investors own 27.44% of the company's stock.
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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