TXO Partners (NYSE:TXO) Stock Rating Raised to "Strong-Buy" at Stephens

Key Points

• Stephens upgraded TXO Partners to “strong-buy,” joining Zacks Research and Wall Street Zen. Analysts’ consensus rating is “Buy,” with an average price target of $19 versus the stock’s $14.35 opening price.
• TXO reported quarterly EPS of $1.07, far exceeding the $0.11 consensus estimate, while revenue of $150.87 million also surpassed expectations. However, the company posted a negative net margin and return on equity.
• Insider and institutional interest has increased: director Bob Simpson bought 125,000 shares, insiders acquired 400,000 shares over 90 days, and institutional investors own 27.44% of the company.

TXO Partners (NYSE:TXO - Get Free Report) was upgraded by analysts at Stephens to a "strong-buy" rating in a note issued to investors on Wednesday, Zacks reports.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus began coverage on shares of TXO Partners in a research note on Thursday, September 10th. They set a "buy" rating and a $17.00 target price for the company. Weiss Ratings raised TXO Partners from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, August 21st. Zacks Research upgraded TXO Partners from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. Finally, Wall Street Zen raised TXO Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $19.00.

TXO Partners Price Performance

Shares of NYSE:TXO opened at $14.35 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $795.59 million, a price-to-earnings ratio of -18.64 and a beta of 0.08. The business has a 50-day simple moving average of $14.30 and a two-hundred day simple moving average of $13.31. TXO Partners has a fifty-two week low of $10.12 and a fifty-two week high of $15.58.

TXO Partners (NYSE:TXO - Get Free Report) last announced its quarterly earnings results 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 net margin of 9.23% and a negative return on equity of 5.59%. The firm had revenue of $150.87 million during the quarter, compared to analyst estimates of $116.24 million. On average, analysts expect that TXO Partners will post 0.58 earnings per share for the current year.

Insider Activity at TXO Partners

In related news, Director Bob Simpson acquired 125,000 shares of TXO Partners stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $14.32 per share, for a total transaction of $1,790,000.00. Following the purchase, the director directly owned 9,500,000 shares of the company's stock, valued at approximately $136,040,000. This trade represents a 1.33% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 400,000 shares of company stock valued at $5,638,250.

Institutional Trading of TXO Partners

Several hedge funds have recently bought and sold shares of TXO. Pin Oak Investment Advisors Inc. bought a new position in shares of TXO Partners in the second quarter worth approximately $4,469,000. Energy Income Partners LLC increased its stake in shares of TXO Partners by 27.5% in the first 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 in the last quarter. Bank of America Corp DE increased its stake in shares of TXO Partners by 259.3% in the first 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 in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of TXO Partners during the 2nd quarter valued at $488,000. Finally, Glenmede Trust Co. NA raised its position 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 valued at $1,314,000 after purchasing an additional 26,000 shares during the period. Institutional investors own 27.44% of the company's stock.

About TXO Partners

TXO Partners, L.P. NYSE: TXO is an independent oil and natural gas company focused on acquiring, developing, and operating producing properties in the United States. The company emphasizes oil-weighted assets and seeks to generate production from mature properties through development, workovers, operational improvements, and enhanced recovery activities.

TXO Partners' operations are concentrated in the Permian Basin, including producing assets in parts of Texas and New Mexico. Its portfolio includes conventional and unconventional oil and natural gas properties, with associated natural gas liquids and other hydrocarbons produced alongside crude oil and natural gas.

The company was formed as a publicly traded master limited partnership and began trading on the New York Stock Exchange in 2022.

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