TXO Partners (NYSE:TXO) Sets New 1-Year Low - What's Next?

Key Points

• TXO Partners shares reached a new 52-week low, trading at $13.28, with a closing price of $13.35.
• Analysts have mixed opinions, with a consensus rating of "Strong Buy" and a price target averaging $22.50, despite recent downward pressure on the stock.
• TXO Partners declared a quarterly dividend of $0.45, representing a yield of 13.4%, but its payout ratio is a high 545.45%.

TXO Partners LP (NYSE:TXO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.28 and last traded at $13.35, with a volume of 115791 shares trading hands. The stock had previously closed at $13.57.

Analyst Ratings Changes

TXO has been the subject of a number of recent research reports. Raymond James Financial cut their price objective on TXO Partners from $24.00 to $22.00 and set a "strong-buy" rating for the company in a research note on Tuesday. Stifel Nicolaus boosted their price objective on TXO Partners from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen downgraded TXO Partners from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy" and an average price target of $21.50.

TXO Partners Trading Up 1.3%

The stock has a fifty day moving average of $14.51 and a 200 day moving average of $16.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $759.63 million, a PE ratio of 42.02 and a beta of 0.09.

TXO Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a yield of 13.0%. TXO Partners's payout ratio is currently 545.45%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in shares of TXO Partners during the 2nd quarter worth approximately $45,000. CWM LLC purchased a new stake in shares of TXO Partners during the 1st quarter worth approximately $77,000. Corient Private Wealth LLC purchased a new stake in shares of TXO Partners during the 2nd quarter worth approximately $150,000. Apollon Wealth Management LLC purchased a new stake in shares of TXO Partners during the 2nd quarter worth approximately $152,000. Finally, Boston Partners purchased a new stake in shares of TXO Partners during the 2nd quarter worth approximately $178,000. 27.44% of the stock is owned by hedge funds and other institutional investors.

TXO Partners Company Profile

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.