Gary Simpson Sells 27,234 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) CEO Gary Simpson sold 27,234 shares of TXO Partners stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $12.38, for a total value of $337,156.92. Following the completion of the transaction, the chief executive officer directly owned 581,018 shares in the company, valued at approximately $7,193,002.84. This represents a 4.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

TXO Partners Stock Down 0.0%

TXO opened at $12.52 on Friday. The business has a 50 day moving average of $12.48 and a 200-day moving average of $12.46. The stock has a market capitalization of $691.33 million, a price-to-earnings ratio of -29.10 and a beta of 0.04. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.42. TXO Partners LP has a 1-year low of $10.12 and a 1-year high of $18.91.

TXO Partners (NYSE:TXO) last announced its earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). The company 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%. As a group, sell-side analysts anticipate that TXO Partners LP will post 1.02 earnings per share for the current year.

TXO Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 9.6%. TXO Partners’s payout ratio is presently -279.07%.

Institutional Trading of TXO Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after purchasing an additional 1,303 shares in the last quarter. State of Wyoming bought a new position in TXO Partners during the second quarter worth about $45,000. Kestra Advisory Services LLC acquired a new stake in TXO Partners during the fourth quarter valued at approximately $49,000. Arlington Trust Co LLC bought a new stake in shares of TXO Partners in the 3rd quarter valued at approximately $56,000. Finally, CWM LLC grew its stake in shares of TXO Partners by 5,389.0% in the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after purchasing an additional 5,389 shares during the period. Institutional investors own 27.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings downgraded TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Stifel Nicolaus upped their price target on TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, March 6th. Wall Street Zen raised TXO Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Raymond James Financial set a $18.00 price objective on TXO Partners in a research report on Tuesday, January 27th. 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.