Raymond James Raises TXO Partners (NYSE:TXO) Price Target to $23

On March 19, 2026, Raymond James raised its terms people connected TXO Partners, L.P. (NYSE:TXO) from $18 to $23 portion maintaining a Strong Buy standing connected the company’s stock. The steadfast has followed changes successful crude prices aft the struggle with Iran and adjusted its estimates for the company’s banal accordingly. It has besides incorporated TXO Partners, L.P. (NYSE:TXO)’s Cross Timbers divestitures into its adjustments.

Earlier, connected March 10, 2026, TXO Partners, L.P. (NYSE:TXO) announced that its associated venture, Cross Timbers Energy, is divesting astir each lipid and state assets to assorted backstage buyers for $200 million. The woody includes a $123.5 cardinal merchantability to CTOC Energy, an entity owned by the institution chairman’s household members. TXO Partners, L.P. (NYSE:TXO) anticipates a completion of the woody successful Q2 2026. The transaction is expected to make astir $100 million, and the institution intends to partially usage it to money a $70 cardinal outgo for its White Rock Energy acquisition. After the divestiture, the institution volition absorption connected the Williston, San Juan, and Permian basins.

Founded successful 2012, TXO Partners, L.P. (NYSE:TXO) is an autarkic MLP focused connected acquiring and processing lipid and state reserves. With office successful Texas, the institution operates chiefly successful the Permian and San Juan Basins.

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