Bob Simpson Acquires 100,000 Shares of TXO Partners (NYSE:TXO) Stock

Key Points

• Director Bob Simpson bought 100,000 TXO Partners shares at an average price of $14.27, investing $1.427 million and increasing his position to 9.35 million shares.
• TXO Partners reported quarterly earnings of $1.07 per share, far exceeding the $0.11 consensus estimate, while revenue of $150.87 million also surpassed expectations.
• The company raised its quarterly dividend to $0.40 per share, equating to an annualized dividend of $1.60 and an 11.1% yield; analysts’ consensus rating is “Moderate Buy” with an $18.50 price target.

TXO Partners LP (NYSE:TXO - Get Free Report) Director Bob Simpson purchased 100,000 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $14.27 per share, with a total value of $1,427,000.00. Following the purchase, the director owned 9,350,000 shares of the company's stock, valued at approximately $133,424,500. The trade was a 1.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

TXO Partners Stock Up 2.4%

NYSE TXO traded up $0.34 during trading hours on Tuesday, reaching $14.36. 313,407 shares of the company traded hands, compared to its average volume of 195,806. The stock has a market capitalization of $795.93 million, a PE ratio of -18.64 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. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $14.83. The company has a 50 day moving average of $13.00 and a two-hundred day moving average of $12.67.

TXO Partners (NYSE:TXO - Get Free Report) last released its 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 company had revenue of $150.87 million during 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%. As a group, equities analysts expect that TXO Partners LP will post 0.13 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.60 dividend on an annualized basis and a yield of 11.1%. This is a boost from TXO Partners's previous quarterly dividend of $0.36. TXO Partners's dividend payout ratio (DPR) is -207.79%.

Hedge Funds Weigh In On TXO Partners

Several institutional investors have recently made changes to their positions in the stock. Allied Private Wealth LLC acquired a new stake in shares of TXO Partners during the 2nd quarter worth approximately $30,000. Royal Bank of Canada boosted its position in TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company's stock valued at $28,000 after purchasing an additional 1,303 shares during the period. State of Wyoming bought a new position in TXO Partners during the 2nd quarter worth $45,000. Kestra Advisory Services LLC bought a new position in TXO Partners during the 4th quarter worth $49,000. Finally, Corient Private Wealth LLC acquired a new stake in TXO Partners in the second quarter worth $150,000. 27.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

TXO has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of TXO Partners in a report on Friday. Raymond James Financial restated a "strong-buy" rating on shares of TXO Partners in a research note on Wednesday, April 29th. Zacks Research raised shares of TXO Partners from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of TXO Partners from a "sell" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.50.

TXO Partners Company Profile

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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