Insider Selling: TXO Partners, L.P. (NYSE:TXO) CFO Sells 7,702 Shares of Stock

TXO Partners, L.P. (NYSE:TXO) CFO Brent W. Clum sold 7,702 shares of TXO Partners stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $143,180.18. Following the completion of the sale, the chief financial officer now directly owns 470,337 shares of the company’s stock, valued at approximately $8,743,564.83. This trade represents a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TXO Partners Stock Performance

Shares of TXO stock traded up $0.50 on Tuesday, reaching $19.06. The stock had a trading volume of 47,603 shares, compared to its average volume of 103,932. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. TXO Partners, L.P. has a 1 year low of $15.22 and a 1 year high of $23.56. The stock has a market cap of $779.74 million, a P/E ratio of -3.21 and a beta of 0.18. The company has a 50 day simple moving average of $18.10 and a 200 day simple moving average of $17.81.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The firm had revenue of $68.73 million for the quarter, compared to the consensus estimate of $64.60 million. Equities research analysts expect that TXO Partners, L.P. will post 1.02 EPS for the current year.

Hedge Funds Weigh In On TXO Partners

A number of institutional investors and hedge funds have recently made changes to their positions in TXO. Wilmington Savings Fund Society FSB bought a new position in shares of TXO Partners in the fourth quarter worth about $72,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in TXO Partners in the 3rd quarter worth approximately $84,000. Childress Capital Advisors LLC bought a new stake in TXO Partners during the 4th quarter worth approximately $423,000. Merit Financial Group LLC purchased a new position in TXO Partners during the fourth quarter valued at approximately $505,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in TXO Partners during the third quarter valued at approximately $559,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

TXO Partners Company Profile

TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.