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

by · The Cerbat Gem

Wall Street Zen cut shares of TXO Partners (NYSE:TXOFree Report) from a hold rating to a sell rating in a research note published on Saturday.

A number of other equities analysts also recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of TXO Partners in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Check Out Our Latest Research Report on TXO

TXO Partners Price Performance

TXO Partners stock opened at $12.35 on Friday. The stock has a market cap of $682.21 million, a price-to-earnings ratio of -6.71 and a beta of 0.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.62. TXO Partners has a 1 year low of $10.12 and a 1 year high of $17.90. The firm has a 50-day moving average of $12.45 and a two-hundred day moving average of $12.19.

TXO Partners (NYSE:TXOGet Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($1.30). TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The company had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $110.71 million. On average, research analysts forecast that TXO Partners will post 0.41 earnings per share for the current year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a yield of 11.7%. TXO Partners’s dividend payout ratio is currently -65.22%.

Insider Buying and Selling

In related news, CEO Brent W. Clum sold 27,234 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $12.38, for a total transaction of $337,156.92. Following the completion of the sale, the chief executive officer owned 800,340 shares of the company’s stock, valued at $9,908,209.20. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary D. Simpson sold 27,234 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $12.38, for a total transaction of $337,156.92. Following the sale, the chief executive officer directly owned 581,018 shares of the company’s stock, valued at $7,193,002.84. The trade was a 4.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On TXO Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of TXO. CIBC Bancorp USA Inc. purchased a new stake in TXO Partners during the third quarter valued at approximately $25,402,000. Global Endowment Management LP lifted its position in TXO Partners by 54.9% during the third quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock valued at $37,739,000 after acquiring an additional 952,257 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in TXO Partners during the fourth quarter valued at approximately $5,586,000. First Trust Advisors LP purchased a new stake in TXO Partners during the second quarter valued at approximately $5,830,000. Finally, ING Groep NV lifted its position in TXO Partners by 149.4% during the third quarter. ING Groep NV now owns 404,000 shares of the company’s stock valued at $5,676,000 after acquiring an additional 242,000 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

TXO Partners Company Profile

(Get Free Report)

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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