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TXO Partners (NYSE:TXO) Hits New 52-Week Low - Should You Sell?

TXO Partners logo with Energy background

Key Points

  • TXO Partners' stock reached a new 52-week low of $13.27 on Friday, and currently trades at $13.31, down from a previous close of $13.90.
  • Analysts have varied outlooks on TXO Partners, with price targets ranging from $21.00 to $22.00, and overall a consensus average price target of $21.50.
  • The company recently announced a quarterly dividend of $0.45 per share, reflecting a high payout ratio of 545.45%, which raises concerns about the sustainability of its dividend yield of 13.6%.
  • Five stocks we like better than TXO Partners.

Shares of TXO Partners LP (NYSE:TXO - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $13.27 and last traded at $13.31, with a volume of 229613 shares trading hands. The stock had previously closed at $13.90.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on TXO Partners from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Raymond James Financial lowered their price target on TXO Partners from $24.00 to $22.00 and set a "strong-buy" rating on the stock in a report on Tuesday, September 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of TXO Partners in a report on Wednesday. Finally, Wall Street Zen lowered TXO Partners from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, TXO Partners presently has an average rating of "Buy" and a consensus price target of $21.50.

Get Our Latest Stock Analysis on TXO Partners

TXO Partners Trading Down 4.5%

The business has a fifty day moving average of $14.13 and a 200-day moving average of $15.39. The stock has a market capitalization of $726.98 million, a price-to-earnings ratio of 40.21 and a beta of 0.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97.

TXO Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 13.6%. The ex-dividend date of this dividend was Friday, August 15th. TXO Partners's payout ratio is presently 545.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new position in shares of TXO Partners in the 2nd quarter valued at $45,000. CWM LLC acquired a new position in shares of TXO Partners in the 1st quarter valued at $77,000. Corient Private Wealth LLC acquired a new position in shares of TXO Partners in the 2nd quarter valued at $150,000. Apollon Wealth Management LLC acquired a new position in shares of TXO Partners in the 2nd quarter valued at $152,000. Finally, Boston Partners acquired a new position in shares of TXO Partners in the 2nd quarter valued at $178,000. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Company Profile

(Get Free Report)

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.

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