Insider Selling: TXO Partners, L.P. (NYSE:TXO) CAO Sells 5,775 Shares of Stock

TXO Partners, L.P. (NYSE:TXO) CAO Scott T. Agosta sold 5,775 shares of TXO Partners stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $107,357.25. Following the transaction, the chief accounting officer now owns 159,498 shares in the company, valued at $2,965,067.82. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TXO Partners Stock Performance

Shares of TXO stock opened at $18.91 on Thursday. 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 52 week low of $15.22 and a 52 week high of $23.56. The company’s 50 day moving average price is $18.27 and its two-hundred day moving average price is $17.82. The company has a market capitalization of $773.44 million, a P/E ratio of -3.18 and a beta of 0.18.

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

Hedge Funds Weigh In On TXO Partners

A number of large investors have recently added to or reduced their stakes in the company. Clear Street Derivatives LLC bought a new stake in shares of TXO Partners in the third quarter valued at about $8,059,000. CWA Asset Management Group LLC acquired a new stake in TXO Partners in the 4th quarter valued at approximately $654,000. PFG Investments LLC bought a new stake in TXO Partners in the 3rd quarter valued at approximately $639,000. Merit Financial Group LLC acquired a new position in TXO Partners during the 4th quarter worth approximately $505,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of TXO Partners during the 3rd quarter worth approximately $559,000. 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.