TXO Partners (NYSE:TXO) Stock Rating Lowered 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 report released on Saturday.

Other equities analysts also recently issued reports about 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 on the stock in a research note on Tuesday. Stifel Nicolaus upped their target price on shares of TXO Partners from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and an average price target of $21.50.

TXO Partners Price Performance

Shares of TXO stock opened at $13.87 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $759.63 million, a P/E ratio of 42.02 and a beta of 0.09. The company's 50-day simple moving average is $14.51 and its two-hundred day simple moving average is $16.10. TXO Partners has a one year low of $13.27 and a one year high of $20.70.

Institutional Investors Weigh In On TXO Partners

Institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in TXO Partners in the first quarter valued at approximately $216,000. Jane Street Group LLC acquired a new stake in TXO Partners in the fourth quarter valued at approximately $461,000. Energy Income Partners LLC boosted its stake in TXO Partners by 8.7% in the first quarter. Energy Income Partners LLC now owns 783,614 shares of the company's stock valued at $15,014,000 after acquiring an additional 62,874 shares in the last quarter. Wealthedge Investment Advisors LLC acquired a new stake in TXO Partners in the fourth quarter valued at approximately $1,169,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in TXO Partners in the fourth quarter valued at approximately $1,517,000. 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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