Scott T. Agosta Sells 5,775 Shares of TXO Partners, L.P. (NYSE:TXO) Stock

TXO Partners, L.P. (NYSE:TXO) CAO Scott T. Agosta sold 5,775 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 $107,357.25. Following the completion of the transaction, the chief accounting officer now directly owns 159,498 shares in the company, valued at $2,965,067.82. This represents a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TXO Partners Trading Down 1.3 %

Shares of NYSE:TXO 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. The stock has a market capitalization of $773.44 million, a price-to-earnings ratio of -3.18 and a beta of 0.18. TXO Partners, L.P. has a 1-year low of $15.22 and a 1-year high of $23.56. The company has a 50 day moving average price of $18.27 and a 200 day moving average price of $17.82.

TXO Partners (NYSE:TXO) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $68.73 million for the quarter, compared to the consensus estimate 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, research analysts anticipate that TXO Partners, L.P. will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On TXO Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in TXO Partners during the 4th quarter worth about $72,000. Childress Capital Advisors LLC acquired a new stake in shares of TXO Partners during the fourth quarter worth approximately $423,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in TXO Partners by 28.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 50,000 shares of the company’s stock valued at $842,000 after purchasing an additional 11,000 shares in the last quarter. Merit Financial Group LLC acquired a new position in TXO Partners in the 4th quarter valued at approximately $505,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in TXO Partners by 109.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company’s stock worth $150,000 after buying an additional 4,664 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.