TXO Partners (NYSE:TXO) Lowered to "Sell (D+)" Rating by Weiss Ratings

Key Points

• TXO Partners has been downgraded by Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating.
• Stifel Nicolaus and Raymond James Financial have also adjusted their price targets for TXO Partners, setting them at $19.00 and $22.00, respectively.
• The company has a current market cap of $732.13 million and its stock traded at approximately $13.37 recently.

TXO Partners (NYSE:TXO - Get Free Report) was downgraded by analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus dropped their price target on TXO Partners from $21.00 to $19.00 and set a "buy" rating for the company in a research note on Tuesday. Raymond James Financial dropped their price target on TXO Partners from $24.00 to $22.00 and set a "strong-buy" rating for the company in a research note on Tuesday, September 9th. Finally, Wall Street Zen cut TXO Partners from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $20.50.

TXO Partners Price Performance

NYSE TXO traded up $0.17 on Friday, hitting $13.37. 109,670 shares of the company's stock were exchanged, compared to its average volume of 208,745. The stock has a 50-day moving average of $13.76 and a 200-day moving average of $14.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. TXO Partners has a 52 week low of $12.61 and a 52 week high of $20.70. The stock has a market cap of $732.13 million, a price-to-earnings ratio of 40.50 and a beta of 0.09.

Institutional Trading of TXO Partners

A number of institutional investors and hedge funds have recently bought and sold shares of TXO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in TXO Partners in the first quarter valued at $13,026,000. King Luther Capital Management Corp increased its holdings in TXO Partners by 19.9% in the second quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company's stock valued at $46,200,000 after purchasing an additional 510,266 shares during the period. American Century Companies Inc. increased its holdings in TXO Partners by 40.7% in the second quarter. American Century Companies Inc. now owns 1,490,548 shares of the company's stock valued at $22,418,000 after purchasing an additional 431,234 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in TXO Partners by 307.7% in the second quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 530,000 shares of the company's stock valued at $7,971,000 after purchasing an additional 400,000 shares during the period. Finally, First Trust Advisors LP acquired a new stake in TXO Partners in the second quarter valued at $5,830,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

About TXO Partners

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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