TXO Partners (NYSE:TXO) CEO Sells $98,080.82 in Stock

TXO Partners LP (NYSE:TXO) CEO Gary Simpson sold 8,126 shares of the company’s stock in a transaction dated Saturday, January 31st. The shares were sold at an average price of $12.07, for a total transaction of $98,080.82. Following the completion of the transaction, the chief executive officer directly owned 608,252 shares of the company’s stock, valued at approximately $7,341,601.64. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TXO Partners Trading Down 1.2%

NYSE:TXO opened at $12.13 on Friday. The stock has a market cap of $664.48 million, a price-to-earnings ratio of 30.33 and a beta of 0.13. TXO Partners LP has a one year low of $10.12 and a one year high of $20.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.48 and a current ratio of 0.48. The business’s 50-day simple moving average is $11.30 and its 200 day simple moving average is $12.96.

Hedge Funds Weigh In On TXO Partners

Hedge funds have recently added to or reduced their stakes in the business. Wealthedge Investment Advisors LLC lifted its position in shares of TXO Partners by 65.8% in the 2nd quarter. Wealthedge Investment Advisors LLC now owns 88,914 shares of the company’s stock worth $1,337,000 after buying an additional 35,290 shares during the last quarter. Energy Income Partners LLC grew its position in shares of TXO Partners by 15.4% during the 2nd quarter. Energy Income Partners LLC now owns 904,277 shares of the company’s stock valued at $13,600,000 after buying an additional 120,663 shares during the last quarter. Sanders Morris Harris LLC raised its stake in TXO Partners by 92.7% during the third quarter. Sanders Morris Harris LLC now owns 230,522 shares of the company’s stock worth $3,590,000 after acquiring an additional 110,922 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in TXO Partners by 560.6% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 180,000 shares of the company’s stock worth $2,707,000 after acquiring an additional 152,750 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its stake in TXO Partners by 19.9% in the second quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company’s stock valued at $46,200,000 after acquiring an additional 510,266 shares during the period. Institutional investors and hedge funds own 27.44% of the company’s stock.

Analyst Ratings Changes

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

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.