TXO Partners (NYSE:TXO) PT Set at $21.00 by Stifel Nicolaus

TXO Partners (NYSE:TXO) received a $21.00 price target from Stifel Nicolaus in a research report issued on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 49.36% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $24.00 price objective (up previously from $23.00) on shares of TXO Partners in a report on Friday, July 25th. Wall Street Zen raised shares of TXO Partners from a “sell” rating to a “hold” rating in a report on Saturday, August 9th.

TXO Partners Stock Down 4.2%

TXO opened at $14.06 on Thursday. TXO Partners has a fifty-two week low of $13.98 and a fifty-two week high of $20.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The company has a fifty day moving average of $15.13 and a two-hundred day moving average of $16.85. The stock has a market capitalization of $581.63 million, a price-to-earnings ratio of 42.61 and a beta of 0.09.

Institutional Trading of TXO Partners

Several institutional investors have recently modified their holdings of the stock. Atria Wealth Solutions Inc. grew its position in shares of TXO Partners by 25.0% in the second quarter. Atria Wealth Solutions Inc. now owns 15,000 shares of the company’s stock valued at $229,000 after purchasing an additional 3,000 shares during the period. Total Wealth Planning & Management Inc. grew its position in shares of TXO Partners by 3.6% in the first quarter. Total Wealth Planning & Management Inc. now owns 93,334 shares of the company’s stock valued at $1,788,000 after purchasing an additional 3,274 shares during the period. CWM LLC acquired a new stake in shares of TXO Partners in the first quarter valued at about $77,000. M&T Bank Corp grew its position in shares of 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 purchasing an additional 5,000 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of TXO Partners by 11.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 55,500 shares of the company’s stock valued at $1,063,000 after purchasing an additional 5,500 shares during the period. 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.