TXO Partners (NYSE:TXO) Stock Price Up 1.5% – What’s Next?

TXO Partners LP (NYSE:TXO)’s stock price shot up 1.5% during mid-day trading on Wednesday . The company traded as high as $11.95 and last traded at $11.8250. 280,779 shares were traded during mid-day trading, an increase of 43% from the average session volume of 195,695 shares. The stock had previously closed at $11.65.

Wall Street Analysts Forecast Growth

TXO has been the subject of several recent research reports. Weiss Ratings downgraded TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. Raymond James Financial set a $18.00 target price on shares of TXO Partners in a report on Tuesday. Finally, Stifel Nicolaus cut their price target on shares of TXO Partners from $21.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. One investment 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 given a Sell rating to the company. According to data from MarketBeat, TXO Partners currently has an average rating of “Moderate Buy” and an average target price of $18.50.

TXO Partners Trading Up 1.5%

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 business’s fifty day moving average is $11.35 and its 200 day moving average is $13.07. The stock has a market cap of $647.77 million, a PE ratio of 29.56 and a beta of 0.14.

TXO Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were issued a $0.35 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.8%. TXO Partners’s dividend payout ratio is currently 350.00%.

Institutional Trading of TXO Partners

Institutional investors have recently bought and sold shares of the company. Wealthedge Investment Advisors LLC grew its stake in TXO Partners by 65.8% in the 2nd quarter. Wealthedge Investment Advisors LLC now owns 88,914 shares of the company’s stock valued at $1,337,000 after acquiring an additional 35,290 shares during the last quarter. Energy Income Partners LLC lifted its holdings in shares of TXO Partners by 15.4% in the second quarter. Energy Income Partners LLC now owns 904,277 shares of the company’s stock valued at $13,600,000 after purchasing an additional 120,663 shares in the last quarter. Sanders Morris Harris LLC lifted its holdings in shares of TXO Partners by 92.7% in the third quarter. Sanders Morris Harris LLC now owns 230,522 shares of the company’s stock valued at $3,590,000 after purchasing an additional 110,922 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of TXO Partners by 560.6% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 180,000 shares of the company’s stock valued at $2,707,000 after purchasing an additional 152,750 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of TXO Partners by 19.9% during the 2nd quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company’s stock worth $46,200,000 after purchasing an additional 510,266 shares in the last quarter. 27.44% of the stock is currently owned by hedge funds and other institutional investors.

About TXO Partners

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.