TXO Partners LP (NYSE:TXO - Get Free Report) CEO Gary Simpson sold 8,126 shares of the stock in a transaction that occurred on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total value of $98,080.82. Following the sale, the chief executive officer directly owned 608,252 shares of the company's stock, valued at $7,341,601.64. The trade was a 1.32% 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 NYSE TXO opened at $12.04 on Wednesday. The stock has a fifty day moving average price of $11.30 and a 200 day moving average price of $12.97. TXO Partners LP has a 1-year low of $10.12 and a 1-year high of $20.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market cap of $659.77 million, a PE ratio of 30.11 and a beta of 0.13.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Zacks Research upgraded shares of TXO Partners from a "strong sell" rating to a "hold" rating in a research report on Monday, October 27th. Weiss Ratings cut TXO Partners from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, January 12th. Stifel Nicolaus dropped their price objective on TXO Partners from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday, October 21st. Finally, Raymond James Financial set a $18.00 target price on TXO Partners in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.50.
Get Our Latest Research Report on TXO
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in TXO. Wealthedge Investment Advisors LLC grew its stake in TXO Partners by 65.8% in the 2nd quarter. Wealthedge Investment Advisors LLC now owns 88,914 shares of the company's stock valued at $1,337,000 after acquiring an additional 35,290 shares during the last quarter. Energy Income Partners LLC grew its position in shares of TXO Partners by 15.4% in the second quarter. Energy Income Partners LLC now owns 904,277 shares of the company's stock valued at $13,600,000 after purchasing an additional 120,663 shares during the last quarter. Sanders Morris Harris LLC increased its stake in shares of TXO Partners by 92.7% during the 3rd quarter. Sanders Morris Harris LLC now owns 230,522 shares of the company's stock worth $3,590,000 after purchasing an additional 110,922 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of TXO Partners by 560.6% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 180,000 shares of the company's stock worth $2,707,000 after purchasing an additional 152,750 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in TXO Partners by 19.9% in the 2nd quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company's stock valued at $46,200,000 after buying an additional 510,266 shares in the last quarter. Institutional investors and hedge funds own 27.44% of the company's stock.
About TXO Partners
(
Get Free Report)
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.
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