TXO Partners, L.P. (NYSE:TXO) CFO Brent W. Clum Sells 7,702 Shares

TXO Partners, L.P. (NYSE:TXO) CFO Brent W. Clum sold 7,702 shares of TXO Partners stock in a transaction on Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $143,180.18. Following the completion of the transaction, the chief financial officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

TXO Partners Trading Down 1.3 %

Shares of NYSE:TXO opened at $18.91 on Thursday. The company has a market cap of $773.44 million, a PE ratio of -3.18 and a beta of 0.18. The company’s 50 day moving average is $18.27 and its two-hundred day moving average is $17.82. TXO Partners, L.P. has a 52 week low of $15.22 and a 52 week high of $23.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CWA Asset Management Group LLC acquired a new stake in shares of TXO Partners during the fourth quarter worth about $654,000. Merit Financial Group LLC purchased a new stake in TXO Partners during the 4th quarter valued at approximately $505,000. Glenmede Trust Co. NA lifted its position in TXO Partners by 13.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after acquiring an additional 5,831 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of TXO Partners in the 3rd quarter valued at approximately $559,000. Finally, PFG Investments LLC acquired a new position in shares of TXO Partners in the third quarter valued at approximately $639,000. 27.44% of the stock is owned by hedge funds and other institutional investors.

About TXO Partners

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.