TXO Partners (NYSE:TXO) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded TXO Partners to “Buy” from “Sell.” Other recent ratings were mixed, but the stock carries a “Moderate Buy” consensus rating with an $18.50 average price target.
• TXO Partners reported quarterly EPS of $1.07, far exceeding the $0.11 consensus estimate, while revenue of $150.87 million also topped expectations.
• The stock opened at $13.76, up 2.1%, and insiders purchased 2.1 million shares worth approximately $27.8 million over the past three months; institutional investors own 27.44% of the company.

TXO Partners (NYSE:TXO - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "buy" rating in a report issued on Saturday.

TXO has been the subject of several other research reports. Zacks Research upgraded TXO Partners from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Weiss Ratings lowered shares of TXO Partners from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, May 12th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of TXO Partners in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, TXO Partners currently has an average rating of "Moderate Buy" and a consensus price target of $18.50.

TXO Partners Stock Up 2.1%

TXO Partners stock opened at $13.76 on Friday. TXO Partners has a 1-year low of $10.12 and a 1-year high of $15.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 0.43. The stock has a market cap of $762.94 million, a PE ratio of -17.87 and a beta of 0.04. The stock's fifty day moving average is $12.98 and its two-hundred day moving average is $12.64.

TXO Partners (NYSE:TXO - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.96. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%.The business had revenue of $150.87 million during the quarter, compared to analysts' expectations of $116.24 million. On average, sell-side analysts expect that TXO Partners will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at TXO Partners

In other TXO Partners news, Director Bob R. Simpson bought 63,282 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $12.64 per share, for a total transaction of $799,884.48. Following the completion of the transaction, the director owned 9,100,000 shares in the company, valued at approximately $115,024,000. The trade was a 0.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 2,100,000 shares of company stock valued at $27,834,447 over the last three months.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC increased its stake in TXO Partners by 12.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company's stock valued at $21,709,000 after purchasing an additional 226,600 shares during the period. Energy Income Partners LLC grew its holdings in shares of TXO Partners by 27.5% during the first quarter. Energy Income Partners LLC now owns 1,449,028 shares of the company's stock worth $18,229,000 after buying an additional 312,120 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TXO Partners by 5.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company's stock worth $10,767,000 after buying an additional 35,990 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in TXO Partners in the 4th quarter valued at about $5,586,000. Finally, First Trust Advisors LP increased its position in TXO Partners by 2.1% in the 1st quarter. First Trust Advisors LP now owns 517,597 shares of the company's stock valued at $6,511,000 after acquiring an additional 10,877 shares during the period. 27.44% of the stock is owned by hedge funds and other institutional investors.

About TXO Partners

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.

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