Bob Simpson Purchases 50,000 Shares of TXO Partners (NYSE:TXO) Stock

Key Points

• Director Bob Simpson purchased 50,000 TXO Partners shares at an average price of $14.17, investing $708,500 and increasing his holdings to 9.25 million shares.
• TXO Partners reported quarterly EPS of $1.07, well above the $0.11 consensus estimate, while revenue of $150.87 million also exceeded expectations.
• The company raised its quarterly dividend to $0.40 per share, implying an annualized yield of approximately 11.1%; analysts maintain a “Moderate Buy” consensus with an $18.50 price target.

TXO Partners LP (NYSE:TXO - Get Free Report) Director Bob Simpson acquired 50,000 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $14.17 per share, for a total transaction of $708,500.00. Following the completion of the acquisition, the director owned 9,250,000 shares of the company's stock, valued at $131,072,500. This trade represents a 0.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TXO Partners Stock Up 2.4%

Shares of NYSE TXO traded up $0.34 during mid-day trading on Tuesday, reaching $14.36. 313,407 shares of the company were exchanged, compared to its average volume of 195,806. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock has a market cap of $795.93 million, a price-to-earnings ratio of -18.64 and a beta of 0.04. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $14.83. The firm has a 50-day moving average of $13.00 and a 200 day moving average of $12.67.

TXO Partners (NYSE:TXO - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.96. The company had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. 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 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 $0.40 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.1%. This is an increase from TXO Partners's previous quarterly dividend of $0.36. TXO Partners's dividend payout ratio (DPR) is -207.79%.

Wall Street Analysts Forecast Growth

TXO has been the topic of a number of analyst reports. Zacks Research raised shares of TXO Partners from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Weiss Ratings reissued a "sell (d)" rating on shares of TXO Partners in a research report on Friday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of TXO Partners in a report on Wednesday, April 29th. Finally, Wall Street Zen raised TXO Partners from a "sell" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Institutional Investors Weigh In On TXO Partners

Several institutional investors have recently added to or reduced their stakes in TXO. Allied Private Wealth LLC purchased a new stake in shares of TXO Partners during the second quarter worth about $30,000. Glenmede Trust Co. NA increased its holdings in shares of TXO Partners by 33.1% during the first quarter. Glenmede Trust Co. NA now owns 104,447 shares of the company's stock valued at $1,314,000 after acquiring an additional 26,000 shares in the last quarter. Bank of America Corp DE raised its position in shares of TXO Partners by 259.3% in the 1st quarter. Bank of America Corp DE now owns 374,780 shares of the company's stock valued at $4,715,000 after purchasing an additional 270,465 shares during the last quarter. Energy Income Partners LLC boosted its stake in TXO Partners by 27.5% in the 1st 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. Finally, First Trust Advisors LP boosted its stake in TXO Partners by 2.1% in the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company's stock worth $6,511,000 after purchasing an additional 10,877 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company's stock.

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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