TXO Partners (NYSE:TXO) Director Purchases $1,790,000.00 in Stock

Key Points

• Director Bob Simpson bought 125,000 TXO shares at an average price of $14.32, investing $1.79 million and increasing his stake by 1.33% to 9.5 million shares.
• TXO Partners reported quarterly EPS of $1.07, far exceeding the $0.11 consensus estimate, while revenue of $150.87 million also topped expectations. The stock traded near its 12-month high at $14.17.
• The company raised its quarterly dividend to $0.40, representing a $1.60 annualized payout and an 11.3% yield. Analysts’ average rating is “Moderate Buy”, with a consensus price target of $18.50.

TXO Partners LP (NYSE:TXO - Get Free Report) Director Bob Simpson bought 125,000 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $14.32 per share, with a total value of $1,790,000.00. Following the acquisition, the director owned 9,500,000 shares in the company, valued at approximately $136,040,000. This trade represents a 1.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TXO Partners Price Performance

NYSE:TXO traded down $0.27 during midday trading on Thursday, hitting $14.17. 360,960 shares of the company traded hands, compared to its average volume of 144,340. The firm's fifty day moving average is $13.05 and its 200-day moving average is $12.74. TXO Partners LP has a 12-month low of $10.12 and a 12-month high of $14.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05.

TXO Partners (NYSE:TXO - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 LP will post 0.13 earnings per share for the current fiscal year.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, August 14th. This is an increase from TXO Partners's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 11.3%. TXO Partners's dividend payout ratio is presently -187.01%.

Institutional Trading of TXO Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased 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 buying an additional 1,303 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in TXO Partners in the second quarter worth about $30,000. State of Wyoming acquired a new stake in TXO Partners in the second quarter worth about $45,000. Kestra Advisory Services LLC purchased a new stake in shares of TXO Partners during the fourth quarter worth about $49,000. Finally, Fund Advisors of America Inc FL purchased a new stake in shares of TXO Partners during the fourth quarter worth about $115,000. Hedge funds and other institutional investors own 27.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Raymond James Financial restated a "strong-buy" rating on shares of TXO Partners in a report on Wednesday, April 29th. Wall Street Zen raised shares of TXO Partners from a "sell" rating to a "buy" rating in a research note on Saturday, August 8th. Zacks Research raised TXO Partners from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of TXO Partners in a report on Friday, August 7th. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat, TXO Partners currently has an average rating of "Moderate Buy" and a consensus price target of $18.50.

About TXO Partners

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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