TXO Partners (NYSE:TXO) Issues Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• Quarterly EPS beat: TXO reported $0.02 EPS for the quarter, beating analysts' estimate of ($0.05) by $0.07, though the company still posted a negative net margin (-5.39%) and negative return on equity (-2.03%).
• The firm declared a quarterly dividend of $0.30 ($1.20 annualized) for a 9.6% yield
• Both CEOs sold 27,234 shares each on April 1, trimming their holdings, while the stock traded around $12.47 (up ~1.2%); analyst coverage is mixed with an average rating of "Moderate Buy" and a $18.50 price target.

TXO Partners (NYSE:TXO - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07, Zacks reports. TXO Partners had a negative net margin of 5.39% and a negative return on equity of 2.03%.

TXO Partners Stock Up 1.2%

NYSE TXO traded up $0.15 during mid-day trading on Monday, hitting $12.47. The company's stock had a trading volume of 111,936 shares, compared to its average volume of 199,171. The company's 50 day simple moving average is $12.46 and its 200 day simple moving average is $12.20. TXO Partners has a twelve month low of $10.12 and a twelve month high of $17.90. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $688.95 million, a price-to-earnings ratio of -29.00 and a beta of 0.02.

TXO Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.20 annualized dividend and a yield of 9.6%. TXO Partners's dividend payout ratio (DPR) is presently -279.07%.

Insider Buying and Selling at TXO Partners

In related news, CEO Brent W. Clum sold 27,234 shares of TXO Partners stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $12.38, for a total value of $337,156.92. Following the completion of the sale, the chief executive officer owned 800,340 shares of the company's stock, valued at approximately $9,908,209.20. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary D. Simpson sold 27,234 shares of TXO Partners stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $12.38, for a total transaction of $337,156.92. Following the completion of the sale, the chief executive officer directly owned 581,018 shares of the company's stock, valued at approximately $7,193,002.84. The trade was a 4.48% decrease in their position. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On TXO Partners

Several large investors have recently bought and sold shares of TXO. JPMorgan Chase & Co. bought a new position in TXO Partners during the 4th quarter valued at $5,586,000. First Trust Advisors LP bought a new position in TXO Partners during the 2nd quarter valued at $5,830,000. Energy Income Partners LLC lifted its stake in TXO Partners by 26.0% during the 3rd quarter. Energy Income Partners LLC now owns 1,139,085 shares of the company's stock valued at $16,004,000 after acquiring an additional 234,808 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in TXO Partners by 12.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company's stock valued at $21,709,000 after acquiring an additional 226,600 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. lifted its stake in TXO Partners by 39.2% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 382,702 shares of the company's stock valued at $5,377,000 after acquiring an additional 107,724 shares in the last quarter. 27.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXO has been the subject of a number of research reports. Raymond James Financial reiterated a "strong-buy" rating on shares of TXO Partners in a report on Wednesday, April 29th. Weiss Ratings reiterated a "sell (d+)" rating on shares of TXO Partners in a report on Friday, April 10th. Stifel Nicolaus raised their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the company a "buy" rating in a report on Friday, March 6th. Finally, Wall Street Zen upgraded shares of TXO Partners from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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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