TXO Partners (NYSE:TXO) Stock Price Up 1.7%

TXO Partners, L.P. (NYSE:TXO)’s stock price traded up 1.7% during mid-day trading on Thursday . The stock traded as high as $18.64 and last traded at $18.52. 65,169 shares changed hands during trading, an increase of 84% from the average session volume of 35,472 shares. The stock had previously closed at $18.21.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TXO shares. Raymond James lowered their price target on TXO Partners from $30.00 to $26.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Stifel Nicolaus reduced their price objective on TXO Partners from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd.

TXO Partners Stock Up 2.4 %

The company’s fifty day moving average price is $18.15 and its 200-day moving average price is $18.20. The stock has a market capitalization of $573.18 million, a PE ratio of -5.61 and a beta of -0.11. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.06.

TXO Partners (NYSE:TXO) last released its earnings results on Tuesday, March 5th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.72. TXO Partners had a negative net margin of 27.31% and a positive return on equity of 6.89%. The firm had revenue of $91.97 million during the quarter, compared to analyst estimates of $70.76 million. Analysts forecast that TXO Partners, L.P. will post 1.28 earnings per share for the current year.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 12.45%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from TXO Partners’s previous quarterly dividend of $0.52. TXO Partners’s payout ratio is -69.88%.

Institutional Investors Weigh In On TXO Partners

Large investors have recently added to or reduced their stakes in the stock. King Luther Capital Management Corp grew its position in shares of TXO Partners by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,591,530 shares of the company’s stock valued at $47,114,000 after acquiring an additional 15,000 shares during the period. Raymond James & Associates boosted its holdings in TXO Partners by 1.3% in the 3rd quarter. Raymond James & Associates now owns 259,653 shares of the company’s stock worth $5,274,000 after buying an additional 3,331 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in TXO Partners in the 4th quarter worth $4,346,000. Hsbc Holdings PLC bought a new position in TXO Partners in the 4th quarter worth $2,685,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in TXO Partners by 35.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 71,443 shares of the company’s stock worth $1,282,000 after buying an additional 18,755 shares during the period. Institutional investors 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.