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

TXO Partners, L.P. (NYSE:TXO) CFO Brent W. Clum sold 7,702 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TXO Partners Stock Performance

Shares of TXO stock opened at $18.91 on Thursday. TXO Partners, L.P. has a 12-month low of $15.22 and a 12-month high of $23.56. The business’s fifty day simple moving average is $18.27 and its 200-day simple moving average is $17.82. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. The company has a market cap of $773.44 million, a PE ratio of -3.18 and a beta of 0.18.

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

Institutional Investors Weigh In On TXO Partners

Large investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of TXO Partners in the 3rd quarter valued at approximately $84,000. Wilmington Savings Fund Society FSB purchased a new position in shares of TXO Partners in the fourth quarter worth $72,000. Childress Capital Advisors LLC purchased a new position in shares of TXO Partners in the fourth quarter worth $423,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of TXO Partners during the third quarter worth $559,000. Finally, Merit Financial Group LLC purchased a new stake in shares of TXO Partners during the fourth quarter valued at $505,000. 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.