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FORT WORTH, Texas—Bob Simpson, a director and ten percent owner at TXO Partners, L.P. (NASDAQ:TXO), has significantly increased his stake in the $633 million market cap company. According to a recent SEC filing, Simpson purchased 2,250,000 common units of TXO Partners on May 15, 2025, at a price of $15 per unit, near the 52-week low of $14.99. The total value of this acquisition amounts to $33.75 million. The stock currently offers a substantial 16.45% dividend yield.InvestingPro analysis suggests TXO is currently undervalued, with multiple indicators pointing to potential upside.
Following this transaction, Simpson’s total ownership in TXO Partners stands at 6,750,000 common units. As the chairman of TXO GP, LLC, the general partner of TXO Partners, Simpson continues to play a crucial role in the management and strategic direction of the company. Discover more insights about TXO’s valuation and 8 additional key indicators with InvestingPro.
In other recent news, TXO Partners has announced a public offering of $175 million in common units, with the proceeds primarily intended to fund the acquisition of assets from White Rock Energy, LLC. This acquisition, valued at approximately $350 million, will significantly expand TXO Partners’ presence in the Elm Coulee field in the Williston Basin, adding substantial oil production capacity. The offering, managed by Raymond (NSE:RYMD) James and Stifel among others, is not contingent on the acquisition’s completion, allowing flexibility in fund allocation for debt repayment if necessary. Stifel analysts have also reinstated coverage of TXO Energy Partners with a Buy rating, citing the company’s experienced leadership and low debt as positive factors, and set a price target of $20 per share. The acquisition is expected to position TXO as a leading oil producer in the Elm Coulee field, with the transaction anticipated to close in the third quarter of 2025. Additionally, TXO Partners has strengthened its leadership by appointing Lawrence S. Massaro to its Board of Directors and awarding phantom units to Co-CEOs Brent W. Clum and Gary D. Simpson. These developments reflect TXO’s strategic efforts to enhance its governance and operational capabilities.
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