Insider Buying: TXO Partners (NYSE:TXO) Director Buys $360,750.00 in Stock

by · The Markets Daily

TXO Partners LP (NYSE:TXOGet Free Report) Director Bob Simpson bought 25,000 shares of TXO Partners stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $14.43 per share, with a total value of $360,750.00. Following the completion of the transaction, the director directly owned 9,375,000 shares in the company, valued at approximately $135,281,250. This trade represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

TXO Partners Stock Performance

Shares of NYSE TXO traded down $0.27 during midday trading on Thursday, hitting $14.17. The company’s stock had a trading volume of 360,960 shares, compared to its average volume of 144,340. The firm has a market capitalization of $785.50 million, a price-to-earnings ratio of -18.40 and a beta of 0.04. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $13.05 and a 200 day moving average price of $12.74. TXO Partners LP has a one year low of $10.12 and a one year high of $14.83.

TXO Partners (NYSE:TXOGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.11 by $0.96. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. The company had revenue of $150.87 million during the quarter, compared to analysts’ expectations of $116.24 million. On average, research analysts forecast that TXO Partners LP will post 0.13 EPS for the current fiscal year.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 14th will be issued a $0.40 dividend. This is a positive change from TXO Partners’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 11.3%. The ex-dividend date is Friday, August 14th. TXO Partners’s dividend payout ratio (DPR) is -187.01%.

Institutional Trading of TXO Partners

Large investors have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after buying an additional 1,303 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of TXO Partners in the second quarter worth about $30,000. State of Wyoming purchased a new position in shares of TXO Partners during the 2nd quarter valued at about $45,000. Kestra Advisory Services LLC bought a new position in TXO Partners in the 4th quarter worth $49,000. Finally, Fund Advisors of America Inc FL purchased a new stake in TXO Partners in the 4th quarter worth $115,000. 27.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TXO has been the subject of a number of analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of TXO Partners in a report on Friday, August 7th. Finally, Wall Street Zen upgraded TXO Partners from a “sell” rating to a “buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Read Our Latest Report on TXO Partners

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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