Pin Oak Investment Advisors Inc. Takes $4.47 Million Position in TXO Partners LP $TXO

Key Points

• Pin Oak Investment Advisors acquired 357,507 TXO Partners shares worth approximately $4.47 million, representing about 0.64% of the company and 2.3% of Pin Oak’s portfolio. Institutional investors collectively own 27.44% of TXO.
• TXO reported quarterly earnings of $1.07 per share, significantly exceeding the $0.11 analyst estimate, while revenue of $150.87 million also topped expectations. The stock recently traded at $14.51, near its 12-month high.
• TXO raised its quarterly dividend to $0.40 per share, implying an annualized yield of approximately 11.0%; insiders also bought 1.1 million shares over the past three months. Analysts maintain a “Moderate Buy” consensus with an $18.50 price target.

Pin Oak Investment Advisors Inc. bought a new stake in shares of TXO Partners LP (NYSE:TXO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 357,507 shares of the company's stock, valued at approximately $4,469,000. TXO Partners comprises about 2.3% of Pin Oak Investment Advisors Inc.'s investment portfolio, making the stock its 9th largest holding. Pin Oak Investment Advisors Inc. owned about 0.64% of TXO Partners as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. ING Groep NV increased its stake in shares of TXO Partners by 24.8% in the fourth quarter. ING Groep NV now owns 504,000 shares of the company's stock valued at $5,378,000 after purchasing an additional 100,000 shares during the period. Energy Income Partners LLC boosted its holdings 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 valued at $18,229,000 after acquiring 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% during the first quarter. Bank of America Corp DE now owns 374,780 shares of the company's stock valued at $4,715,000 after acquiring an additional 270,465 shares during the period. Raymond James Financial Inc. raised its holdings in TXO Partners by 2.0% during the third quarter. Raymond James Financial Inc. now owns 311,151 shares of the company's stock worth $4,372,000 after purchasing an additional 6,171 shares in the last quarter. Finally, Glenmede Investment Management LP raised its holdings in TXO Partners by 24.5% during the third quarter. Glenmede Investment Management LP now owns 72,779 shares of the company's stock worth $1,023,000 after purchasing an additional 14,332 shares in the last quarter. Hedge funds and other institutional investors own 27.44% of the company's stock.

TXO Partners Stock Down 0.9%

NYSE TXO opened at $14.51 on Friday. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $14.89. The company has a market capitalization of $804.58 million, a P/E ratio of -18.84 and a beta of 0.04. The company's 50 day simple moving average is $13.28 and its 200 day simple moving average is $12.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05.

TXO Partners (NYSE:TXO - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.96. The firm had revenue of $150.87 million during the quarter, compared to analysts' expectations of $116.24 million. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. Equities research analysts expect that TXO Partners LP will post 0.58 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.60 annualized dividend and a dividend yield of 11.0%. This is a boost from TXO Partners's previous quarterly dividend of $0.36. TXO Partners's dividend payout ratio is -207.79%.

Insider Buying and Selling at TXO Partners

In related news, Director Bob R. Simpson bought 125,000 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $14.32 per share, for a total transaction of $1,790,000.00. Following the acquisition, the director directly owned 9,500,000 shares of the company's stock, valued at $136,040,000. The trade was a 1.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders acquired 1,100,000 shares of company stock worth $15,129,522.

Analyst Ratings Changes

TXO has been the subject of a number of research reports. Zacks Research raised TXO Partners from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded TXO Partners from a "sell" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised TXO Partners from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, August 21st. 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 issued a Sell rating to the stock. Based on data from MarketBeat, TXO Partners currently has a consensus rating of "Moderate Buy" and a consensus price target 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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