TXO Partners, L.P. (NYSE:TXO) CAO Sells $107,357.25 in Stock

TXO Partners, L.P. (NYSE:TXO) CAO Scott T. Agosta sold 5,775 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $18.59, for a total transaction of $107,357.25. Following the transaction, the chief accounting officer now owns 159,498 shares in the company, valued at approximately $2,965,067.82. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

TXO Partners Trading Down 1.3 %

Shares of NYSE TXO opened at $18.91 on Thursday. TXO Partners, L.P. has a fifty-two week low of $15.22 and a fifty-two week high of $23.56. The firm has a market capitalization of $773.44 million, a P/E ratio of -3.18 and a beta of 0.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day simple moving average is $18.27 and its 200 day simple moving average is $17.82.

TXO Partners (NYSE:TXO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share 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 company had revenue of $68.73 million during the quarter, compared to analyst estimates of $64.60 million. On average, analysts predict that TXO Partners, L.P. will post 1.02 EPS for the current year.

Hedge Funds Weigh In On TXO Partners

Several hedge funds have recently added to or reduced their stakes in the stock. Clear Street Derivatives LLC acquired a new position in shares of TXO Partners during the 3rd quarter worth about $8,059,000. Pin Oak Investment Advisors Inc. boosted its stake in TXO Partners by 7.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock worth $5,757,000 after acquiring an additional 19,241 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings 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 during the period. Glenmede Trust Co. NA increased its stake in TXO Partners by 13.9% in the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after purchasing an additional 5,831 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in TXO Partners in the fourth quarter worth $654,000. Institutional investors and hedge funds 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.