TXO Partners (NYSE:TXO) Shares Gap Down – What’s Next?
by Teresa Graham · The Cerbat GemTXO Partners LP (NYSE:TXO – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $10.99, but opened at $10.60. TXO Partners shares last traded at $10.63, with a volume of 4,117 shares changing hands.
Analysts Set New Price Targets
TXO has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of TXO Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of TXO Partners in a research note on Monday, December 29th. Zacks Research upgraded TXO Partners from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Finally, Wall Street Zen downgraded TXO Partners from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.
View Our Latest Analysis on TXO
TXO Partners Stock Performance
The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.48 and a current ratio of 0.48. The company has a market cap of $569.93 million, a PE ratio of 26.05 and a beta of 0.14. The company’s 50 day moving average price is $12.06 and its 200-day moving average price is $13.51.
TXO Partners Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were paid a $0.35 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 13.5%. TXO Partners’s payout ratio is presently 350.00%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming bought a new stake in TXO Partners in the 2nd quarter valued at about $45,000. Arlington Trust Co LLC purchased a new position in shares of TXO Partners in the third quarter worth about $56,000. CWM LLC raised its position in shares of TXO Partners by 5,389.0% in the third quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after purchasing an additional 5,389 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of TXO Partners during the 2nd quarter valued at approximately $150,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of TXO Partners during the 2nd quarter valued at approximately $152,000. Institutional investors own 27.44% of the company’s stock.
TXO Partners Company Profile
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.