TXO Partners (NYSE:TXO) Releases Quarterly Earnings Results, Misses Expectations By $1.30 EPS

TXO Partners (NYSE:TXO - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($1.30), Zacks reports. The company had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 13.53%.

TXO Partners Price Performance

NYSE TXO opened at $12.52 on Wednesday. The company has a market cap of $691.38 million, a price-to-earnings ratio of -6.80 and a beta of 0.02. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.62 and a quick ratio of 0.62. The stock's fifty day moving average price is $12.46 and its 200 day moving average price is $12.20. TXO Partners has a 1 year low of $10.12 and a 1 year high of $17.90.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from TXO Partners's previous quarterly dividend of $0.30. TXO Partners's payout ratio is currently -279.07%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TXO. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TXO Partners in a research report on Friday, April 10th. Stifel Nicolaus boosted their target price on shares of TXO Partners from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, March 6th. Wall Street Zen raised shares of TXO Partners from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of TXO Partners in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

Insider Activity

In other TXO Partners news, CEO Brent W. Clum sold 27,234 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $12.38, for a total transaction of $337,156.92. Following the sale, the chief executive officer owned 800,340 shares in the company, valued at approximately $9,908,209.20. The trade was a 3.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Simpson sold 27,234 shares of TXO Partners stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $12.38, for a total value of $337,156.92. Following the sale, the chief executive officer directly owned 581,018 shares of the company's stock, valued at $7,193,002.84. This trade represents a 4.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Trading of TXO Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company's stock worth $28,000 after purchasing an additional 1,303 shares during the last quarter. State of Wyoming acquired a new stake in TXO Partners during the 2nd quarter worth about $45,000. Kestra Advisory Services LLC purchased a new position in shares of TXO Partners during the 4th quarter valued at about $49,000. Corient Private Wealth LLC purchased a new position in shares of TXO Partners during the 2nd quarter valued at about $150,000. Finally, HRT Financial LP acquired a new position in shares of TXO Partners in the 4th quarter valued at about $261,000. 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.