CIBC Bancorp USA Inc. Purchases Shares of 1,807,967 TXO Partners LP $TXO

CIBC Bancorp USA Inc. purchased a new position in shares of TXO Partners LP (NYSE:TXO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,807,967 shares of the company’s stock, valued at approximately $25,402,000. CIBC Bancorp USA Inc. owned approximately 3.30% of TXO Partners at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of TXO Partners in the second quarter valued at about $45,000. Arlington Trust Co LLC acquired a new position in TXO Partners during the third quarter valued at approximately $56,000. CWM LLC increased its position in shares of TXO Partners by 5,389.0% during the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after purchasing an additional 5,389 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of TXO Partners during the 2nd quarter worth approximately $150,000. Finally, Arrow Investment Advisors LLC bought a new stake in shares of TXO Partners during the 3rd quarter worth approximately $162,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TXO Partners news, CEO Brent W. Clum sold 19,571 shares of TXO Partners stock in a transaction dated 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 sale, the chief executive officer owned 827,574 shares in the company, valued at $9,988,818.18. The trade was a 2.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott T. Agosta sold 10,689 shares of the stock in a transaction that occurred on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $129,016.23. Following the transaction, the chief accounting officer owned 205,474 shares in the company, valued at approximately $2,480,071.18. The trade was a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,386 shares of company stock worth $463,319 in the last quarter.

TXO Partners Stock Performance

TXO opened at $12.33 on Thursday. The business has a fifty day simple moving average of $12.01 and a 200 day simple moving average of $12.54. The company has a market capitalization of $681.16 million, a PE ratio of -28.68 and a beta of 0.10. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $20.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.62 and a quick ratio of 0.62.

TXO Partners (NYSE:TXO) last posted its quarterly earnings data 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 firm had revenue of $125.93 million for the quarter, compared to the consensus estimate of $111.09 million. TXO Partners had a negative return on equity of 2.03% and a negative net margin of 5.39%. Research analysts expect that TXO Partners LP will post 1.02 EPS for the current year.

TXO Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend was Tuesday, March 10th. TXO Partners’s dividend payout ratio (DPR) is currently -279.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TXO shares. Weiss Ratings downgraded TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Raymond James Financial set a $18.00 target price on shares of TXO Partners in a report on Tuesday, January 27th. Stifel Nicolaus upped their price target on shares of TXO Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

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.