TXO Partners (NYSE:TXO) Sets New 1-Year Low – Should You Sell?

Shares of TXO Partners LP (NYSE:TXO) hit a new 52-week low on Wednesday . The stock traded as low as $10.31 and last traded at $10.4550, with a volume of 176643 shares traded. The stock had previously closed at $10.60.

Analyst Ratings Changes

A number of equities research analysts have commented on TXO shares. Stifel Nicolaus decreased their price target on TXO Partners from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, October 21st. Weiss Ratings restated a “hold (c-)” rating on shares of TXO Partners in a report on Monday, December 29th. Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TXO Partners currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

TXO Partners Stock Performance

The stock has a market capitalization of $570.03 million, a PE ratio of 26.01 and a beta of 0.14. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $12.00 and a 200-day moving average price of $13.49.

TXO Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 13.5%. The ex-dividend date was Friday, November 14th. TXO Partners’s payout ratio is presently 350.00%.

Institutional Trading of TXO Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in TXO. State of Wyoming acquired a new position in TXO Partners during the second quarter valued at $45,000. Arlington Trust Co LLC acquired a new position in shares of TXO Partners in the 3rd quarter valued at about $56,000. CWM LLC lifted its holdings in 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 acquiring an additional 5,389 shares during the period. Corient Private Wealth LLC purchased a new stake in TXO Partners in the 2nd quarter worth approximately $150,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of TXO Partners during the 2nd quarter worth approximately $152,000. Institutional investors and hedge funds 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.