Brent Clum Sells 19,571 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) CEO Brent Clum sold 19,571 shares of the company’s stock in a transaction on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $236,221.97. Following the transaction, the chief executive officer owned 827,574 shares of the company’s stock, valued at $9,988,818.18. This represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TXO Partners Price Performance

Shares of TXO stock traded up $0.31 on Tuesday, reaching $12.04. 150,514 shares of the company were exchanged, compared to its average volume of 207,587. The company has a market cap of $659.77 million, a price-to-earnings ratio of 30.11 and a beta of 0.13. TXO Partners LP has a 1 year low of $10.12 and a 1 year high of $20.70. The business has a 50-day moving average price of $11.30 and a 200 day moving average price of $12.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.48 and a current ratio of 0.48.

Wall Street Analyst Weigh In

TXO has been the topic of a number of research reports. Zacks Research upgraded TXO Partners from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings cut shares of TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Raymond James Financial set a $18.00 price target on TXO Partners in a research report on Tuesday, January 27th. Finally, Stifel Nicolaus dropped their target price on TXO Partners from $21.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TXO Partners currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Institutional Trading of TXO Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming acquired a new position in TXO Partners in the second quarter valued at about $45,000. Arlington Trust Co LLC purchased a new stake in shares of TXO Partners in the 3rd quarter valued at approximately $56,000. CWM LLC lifted its holdings in shares of TXO Partners by 5,389.0% in the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock worth $77,000 after acquiring an additional 5,389 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of TXO Partners by 243.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock worth $117,000 after purchasing an additional 7,779 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in TXO Partners in the 2nd quarter valued at approximately $150,000. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Company Profile

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.