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TXO Partners, L.P. (NYSE:TXO) is one of the MLP Stocks List: 20 Largest MLPs.
On March 19, 2026, Raymond James raised its price target on TXO Partners, L.P. (NYSE:TXO) from $18 to $23 while maintaining a Strong Buy rating on the company’s stock. The firm has followed changes in crude prices after the conflict with Iran and adjusted its estimates for the company’s stock accordingly. It has also incorporated TXO Partners, L.P. (NYSE:TXO)’s Cross Timbers divestitures into its adjustments.
Earlier, on March 10, 2026, TXO Partners, L.P. (NYSE:TXO) announced that its joint venture, Cross Timbers Energy, is divesting nearly all oil and gas assets to various private buyers for $200 million. The deal includes a $123.5 million sale to CTOC Energy, an entity owned by the company chairman’s family members. TXO Partners, L.P. (NYSE:TXO) anticipates a completion of the deal in Q2 2026. The transaction is expected to generate approximately $100 million, and the company intends to partially use it to fund a $70 million payment for its White Rock Energy acquisition. After the divestiture, the company will focus on the Williston, San Juan, and Permian basins.
Founded in 2012, TXO Partners, L.P. (NYSE:TXO) is an independent MLP focused on acquiring and developing oil and gas reserves. With headquarters in Texas, the company operates primarily in the Permian and San Juan Basins.
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