TXO Partners (NYSE:TXO) Sets New 1-Year Low - Time to Sell?

Shares of TXO Partners, L.P. (NYSE:TXO - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.85 and last traded at $14.86, with a volume of 151006 shares changing hands. The stock had previously closed at $14.96.

Analyst Ratings Changes

Separately, Stifel Nicolaus assumed coverage on shares of TXO Partners in a report on Wednesday, April 23rd. They issued a "buy" rating and a $20.00 price objective for the company.

TXO Partners Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $619.07 million, a P/E ratio of -2.52 and a beta of 0.17. The business's 50-day simple moving average is $16.47 and its 200 day simple moving average is $17.89.

TXO Partners (NYSE:TXO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.12). TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The business had revenue of $84.33 million for the quarter, compared to the consensus estimate of $82.00 million. As a group, equities analysts predict that TXO Partners, L.P. will post 1.02 earnings per share for the current year.

TXO Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 16.30%. The ex-dividend date was Friday, May 16th. TXO Partners's payout ratio is 580.95%.

Insider Activity

In other TXO Partners news, Director Phillip R. Kevil bought 3,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average cost of $15.18 per share, for a total transaction of $45,540.00. Following the transaction, the director now owns 27,384 shares of the company's stock, valued at $415,689.12. This represents a 12.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luther King, Jr. bought 500,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were acquired at an average price of $15.00 per share, for a total transaction of $7,500,000.00. Following the completion of the transaction, the insider now directly owns 3,061,530 shares in the company, valued at approximately $45,922,950. This represents a 19.52% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 3,473,000 shares of company stock valued at $52,095,540 in the last 90 days.

Hedge Funds Weigh In On TXO Partners

A number of hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in TXO Partners during the first quarter valued at approximately $13,026,000. CIBC Private Wealth Group LLC grew its position in TXO Partners by 41.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,059,828 shares of the company's stock valued at $17,795,000 after buying an additional 313,049 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of TXO Partners during the 4th quarter worth about $4,609,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of TXO Partners during the 4th quarter worth about $1,517,000. Finally, Wealthedge Investment Advisors LLC purchased a new stake in shares of TXO Partners during the 4th quarter worth about $1,169,000. 27.44% of the stock is currently owned by institutional investors.

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.