TXO Partners (NYSE:TXO) Stock Rating Upgraded by Wall Street Zen

TXO Partners (NYSE:TXO) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research analysts also recently commented on the stock. Stifel Nicolaus increased their price objective on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday. Raymond James Financial set a $18.00 target price on TXO Partners in a report on Tuesday, January 27th. Finally, Weiss Ratings downgraded TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.50.

TXO Partners Price Performance

TXO stock opened at $12.68 on Friday. TXO Partners has a one year low of $10.12 and a one year high of $20.24. The company’s fifty day moving average price is $11.73 and its 200-day moving average price is $12.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $700.44 million, a PE ratio of -29.49 and a beta of 0.10.

TXO Partners (NYSE:TXO) last posted its earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.67). The company had revenue of $125.93 million for the quarter, compared to analysts’ expectations of $111.09 million. TXO Partners had a negative net margin of 5.39% and a negative return on equity of 2.03%. On average, equities analysts anticipate that TXO Partners will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at TXO Partners

In other TXO Partners news, CEO Brent W. Clum sold 19,571 shares of TXO Partners stock in a transaction on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total value of $236,221.97. Following the completion of the transaction, the chief executive officer directly owned 827,574 shares of the company’s stock, valued at $9,988,818.18. This trade represents a 2.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Scott T. Agosta sold 10,689 shares of the business’s stock in a transaction dated Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $129,016.23. Following the completion of the sale, the chief accounting officer owned 205,474 shares in the company, valued at approximately $2,480,071.18. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,386 shares of company stock worth $463,319 over the last 90 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealthedge Investment Advisors LLC raised its position in TXO Partners by 65.8% during the second quarter. Wealthedge Investment Advisors LLC now owns 88,914 shares of the company’s stock valued at $1,337,000 after purchasing an additional 35,290 shares during the period. Energy Income Partners LLC boosted its holdings in shares of TXO Partners by 15.4% in the 2nd quarter. Energy Income Partners LLC now owns 904,277 shares of the company’s stock worth $13,600,000 after purchasing an additional 120,663 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of TXO Partners by 19.9% in 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 during the period. Sanders Morris Harris LLC increased its position in shares of TXO Partners by 92.7% during the 3rd 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 during the last quarter. Finally, ING Groep NV increased its position in shares of TXO Partners by 149.4% during the 3rd quarter. ING Groep NV now owns 404,000 shares of the company’s stock valued at $5,676,000 after purchasing an additional 242,000 shares during the last quarter. Hedge funds and other institutional investors 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.