Raymond James Lowers TXO Partners (TXO) Target but Backs High Dividend Yield

With an annual dividend yield of 11.51%, TXO Partners, L.P. (NYSE:TXO) is included among the Top 10 Dividend Stocks with 10%+ Yield.

On June 24, Raymond James lowered its price recommendation on TXO Partners, L.P. (NYSE:TXO) to $20 from $22. It reiterated a Strong Buy rating on the shares. The move came after the firm cited a weaker oil price outlook. In a research note, the analyst said TXO remains a recommended stock because of its very high dividend yield and relatively low base production decline rate.

Earlier this year, TXO Partners announced that its joint venture, Cross Timbers Energy, is selling nearly all of its oil and gas assets to several private buyers for $200 million. The transaction includes a $123.5 million sale to CTOC Energy, an entity owned by family members of the company's chairman. TXO expects the deal to close in the second quarter of 2026.

The company expects to receive about $100 million from the transaction and plans to use part of the proceeds to fund a $70 million payment related to its White Rock Energy acquisition. Once the divestiture is complete, TXO will focus its operations on the Williston, San Juan, and Permian basins.

TXO Partners, L.P. (NY

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/raymond-james-lowers-txo-partners-184412225.html)