Key Points
- Director Bob Simpson bought 100,000 TXO Partners shares at an average price of $13.52, investing $1.352 million and increasing his direct ownership to 9.2 million shares.
- TXO Partners reported quarterly EPS of $1.07, substantially exceeding the $0.11 analyst consensus, while revenue of $150.87 million also surpassed expectations.
- The company raised its quarterly dividend to $0.40 per share, equivalent to a $1.60 annualized payout and an 11.1% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $18.50.
TXO Partners LP (NYSE:TXO - Get Free Report) Director Bob Simpson bought 50,000 shares of the stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $14.17 per share, with a total value of $708,500.00. Following the completion of the acquisition, the director directly owned 9,250,000 shares of the company's stock, valued at approximately $131,072,500. The trade was a 0.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
TXO Partners Trading Up 2.4%
Shares of NYSE TXO opened at $14.36 on Wednesday. The company has a market cap of $795.98 million, a price-to-earnings ratio of -18.64 and a beta of 0.04. TXO Partners LP has a 12-month low of $10.12 and a 12-month high of $14.83. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock's 50 day simple moving average is $13.02 and its 200 day simple moving average is $12.70.
TXO Partners (NYSE:TXO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.96. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%.The firm had revenue of $150.87 million during the quarter, compared to the consensus estimate of $116.24 million. Equities research analysts expect that TXO Partners LP will post 0.13 EPS for the current year.
TXO Partners Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.1%. This is a positive change from TXO Partners's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, August 14th. TXO Partners's dividend payout ratio is presently -187.01%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its position in TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company's stock worth $28,000 after acquiring an additional 1,303 shares in the last quarter. Allied Private Wealth LLC bought a new position in shares of TXO Partners during the 2nd quarter valued at about $30,000. State of Wyoming bought a new position in shares of TXO Partners during the 2nd quarter valued at about $45,000. Kestra Advisory Services LLC acquired a new position in shares of TXO Partners in the 4th quarter worth approximately $49,000. Finally, Fund Advisors of America Inc FL acquired a new position in shares of TXO Partners in the 4th quarter worth approximately $115,000. 27.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on TXO shares. Wall Street Zen raised shares of TXO Partners from a "sell" rating to a "buy" rating in a report on Saturday. Raymond James Financial reissued a "strong-buy" rating on shares of TXO Partners in a research note on Wednesday, April 29th. Zacks Research upgraded shares of TXO Partners from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of TXO Partners in a research note on Friday. 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 issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.50.
Get Our Latest Stock Analysis 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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