TXO Partners (NYSE:TXO) Lowered to Sell Rating by Wall Street Zen

Key Points

• TXO Partners' stock rating has been downgraded from a "hold" to a "sell" by Wall Street Zen.
• Raymond James Financial has reduced their target price for TXO shares from $24.00 to $22.00, while Stifel Nicolaus has raised theirs from $20.00 to $21.00, showing mixed sentiments among analysts.
• The company's market capitalization stands at approximately $759.63 million, with current share performance reflecting a 52-week low of $13.27 and a high of $20.70.

TXO Partners (NYSE:TXO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts also recently weighed in on the stock. Raymond James Financial dropped their target price on shares of TXO Partners from $24.00 to $22.00 and set a "strong-buy" rating for the company in a research report on Tuesday, September 9th. Stifel Nicolaus boosted their target price on shares of TXO Partners from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, TXO Partners has a consensus rating of "Strong Buy" and a consensus price target of $21.50.

TXO Partners Trading Up 0.2%

Shares of TXO stock traded up $0.03 on Friday, reaching $14.07. 163,423 shares of the stock were exchanged, compared to its average volume of 138,248. The stock has a market cap of $770.70 million, a P/E ratio of 42.63 and a beta of 0.09. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $14.42 and a two-hundred day moving average of $15.94. TXO Partners has a 1-year low of $13.27 and a 1-year high of $20.70.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. State of Wyoming acquired a new stake in shares of TXO Partners during the 2nd quarter valued at about $45,000. CWM LLC acquired a new position in shares of TXO Partners during the first quarter worth approximately $77,000. Corient Private Wealth LLC bought a new stake in shares of TXO Partners during the second quarter worth approximately $150,000. Apollon Wealth Management LLC bought a new stake in shares of TXO Partners during the second quarter worth approximately $152,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of TXO Partners during the first quarter worth approximately $216,000. Institutional investors own 27.44% of the company's stock.

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.