TXO Partners (NYSE:TXO) Stock Rating Lowered by Wall Street Zen

Key Points

• TXO Partners has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a bearish outlook on the stock.
• The company reported earnings per share of $0.24 for the last quarter, missing estimates by $0.12, despite achieving a revenue of $84.33 million.
• Insiders have shown confidence in TXO Partners by purchasing over 3.4 million shares in the last ninety days, totaling approximately $52 million.

TXO Partners (NYSE:TXO - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

TXO has been the topic of a number of other reports. Raymond James Financial reissued a "strong-buy" rating and issued a $24.00 price objective (up from $23.00) on shares of TXO Partners in a research report on Friday. Stifel Nicolaus initiated coverage on shares of TXO Partners in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $20.00 price objective on the stock.

TXO Partners Trading Down 0.0%

Shares of TXO stock traded down $0.01 during trading hours on Friday, hitting $15.40. The company had a trading volume of 92,980 shares, compared to its average volume of 158,185. The company's fifty day moving average is $15.20 and its 200 day moving average is $17.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.00 and a quick ratio of 1.00. TXO Partners has a fifty-two week low of $14.75 and a fifty-two week high of $21.00. The stock has a market capitalization of $636.89 million, a PE ratio of 36.66 and a beta of 0.09.

TXO Partners (NYSE:TXO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.12). The business had revenue of $84.33 million for the quarter, compared to analyst estimates of $82.00 million. TXO Partners had a return on equity of 3.89% and a net margin of 5.22%. Research analysts expect that TXO Partners will post 1.02 earnings per share for the current fiscal year.

Insider Transactions at TXO Partners

In related news, Director Lawrence S. Massaro bought 20,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of $15.00 per share, with a total value of $300,000.00. Following the transaction, the director directly owned 23,900 shares of the company's stock, valued at approximately $358,500. This represents a 512.82% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith A. Hutton bought 700,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $10,500,000.00. Following the completion of the transaction, the director directly owned 4,820,215 shares in the company, valued at approximately $72,303,225. The trade was a 16.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 3,473,000 shares of company stock worth $52,095,540.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TXO. CWM LLC acquired a new stake in shares of TXO Partners in the 1st quarter worth $77,000. Apollon Wealth Management LLC acquired a new stake in shares of TXO Partners in the 2nd quarter worth $152,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of TXO Partners in the 1st quarter worth $216,000. Atria Wealth Solutions Inc. acquired a new stake in shares of TXO Partners in the first quarter valued at about $230,000. Finally, XTX Topco Ltd acquired a new stake in shares of TXO Partners in the fourth quarter valued at about $270,000. 27.44% of the stock is owned by hedge funds and other institutional investors.

TXO Partners Company Profile

TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.