TXO Partners' (TXO) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (C-)" rating for TXO Partners, indicating a cautious stance despite varying opinions from other analysts.
• TXO Partners' stock decreased by 0.9% to $14.21, with a market cap of $778.42 million and trading volume below its average.
• Institutional investors hold 27.44% of TXO Partners’ stock, with various firms modifying their stakes in the recent quarters.

TXO Partners (NYSE:TXO - Get Free Report)'s stock had its "hold (c-)" rating reiterated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently commented on the stock. Wall Street Zen cut shares of TXO Partners from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Raymond James Financial cut 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 report on Tuesday, September 9th. Finally, Stifel Nicolaus lifted their target price on shares of TXO Partners from $20.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $21.50.

TXO Partners Stock Down 0.9%

TXO Partners stock traded down $0.13 during trading on Wednesday, reaching $14.21. The stock had a trading volume of 112,178 shares, compared to its average volume of 187,992. The stock has a market cap of $778.42 million, a PE ratio of 43.06 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. TXO Partners has a 52-week low of $13.27 and a 52-week high of $20.70. The business has a 50 day moving average price of $14.18 and a 200 day moving average price of $15.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new stake in TXO Partners during the 2nd quarter worth approximately $45,000. Atria Wealth Solutions Inc. boosted its stake in shares of TXO Partners by 25.0% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 15,000 shares of the company's stock valued at $229,000 after buying an additional 3,000 shares during the last quarter. Total Wealth Planning & Management Inc. lifted its stake in TXO Partners by 3.6% during the first quarter. Total Wealth Planning & Management Inc. now owns 93,334 shares of the company's stock worth $1,788,000 after purchasing an additional 3,274 shares during the last quarter. CWM LLC bought a new position in TXO Partners during the first quarter worth $77,000. Finally, M&T Bank Corp lifted its stake in TXO Partners by 33.3% in the second quarter. M&T Bank Corp now owns 20,000 shares of the company's stock valued at $301,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company's stock.

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.

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