Key Points
- Director Bob Simpson bought 125,000 TXO Partners shares at $14.32 each, investing $1.79 million and increasing his holdings to 9.5 million shares.
- TXO reported quarterly revenue of $150.87 million and earnings of $1.07 per share, significantly exceeding analyst estimates of $116.24 million and $0.11, respectively.
- The company raised its quarterly dividend to $0.40 per share, implying a $1.60 annualized payout and an 11.3% yield; analysts’ consensus rating is “Moderate Buy” with an $18.50 price target.
TXO Partners LP (NYSE:TXO - Get Free Report) Director Bob Simpson acquired 25,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average cost of $14.43 per share, for a total transaction of $360,750.00. Following the acquisition, the director owned 9,375,000 shares of the company's stock, valued at $135,281,250. The trade was a 0.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
TXO Partners Stock Down 1.9%
Shares of TXO stock opened at $14.17 on Friday. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $14.83. The stock has a market cap of $785.50 million, a P/E ratio of -18.40 and a beta of 0.04. 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 company has a 50 day simple moving average of $13.05 and a two-hundred day simple moving average of $12.74.
TXO Partners (NYSE:TXO - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.96. The business had revenue of $150.87 million for the quarter, compared to the consensus estimate of $116.24 million. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. On average, research analysts expect that TXO Partners LP will post 0.13 earnings per share for the current year.
TXO Partners Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.3%. This is a boost from TXO Partners's previous quarterly dividend of $0.36. The ex-dividend date is Friday, August 14th. TXO Partners's dividend payout ratio (DPR) is presently -187.01%.
Analyst Ratings Changes
A number of brokerages have commented on TXO. Zacks Research upgraded TXO Partners from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of TXO Partners in a research note on Friday, August 7th. Raymond James Financial reissued a "strong-buy" rating on shares of TXO Partners in a report on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of TXO Partners from a "sell" rating to a "buy" rating in a research note on Saturday, August 8th. One investment 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.50.
Get Our Latest Analysis on TXO
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of TXO. Allied Private Wealth LLC purchased a new stake in TXO Partners in the 2nd quarter worth $30,000. Royal Bank of Canada raised 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 valued at $28,000 after acquiring an additional 1,303 shares during the period. State of Wyoming purchased a new position in shares of TXO Partners in the second quarter valued at about $45,000. Kestra Advisory Services LLC bought a new position in shares of TXO Partners in the fourth quarter worth about $49,000. Finally, Corient Private Wealth LLC bought a new position in shares of TXO Partners in the second quarter worth about $150,000. Institutional investors own 27.44% of the company's stock.
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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