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 business’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 $98,080.82. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

TXO Partners Stock Performance

NYSE:TXO traded up $0.31 during midday trading on Tuesday, reaching $12.04. The stock had a trading volume of 150,514 shares, compared to its average volume of 207,587. The stock has a market capitalization of $659.77 million, a P/E 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 company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.48. The firm’s fifty day simple moving average is $11.30 and its 200-day simple moving average is $12.99.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

TXO has been the subject of several research analyst reports. Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. Stifel Nicolaus reduced their price objective on TXO Partners from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Raymond James Financial set a $18.00 target price on shares of TXO Partners in a research report on Tuesday, January 27th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

About TXO Partners

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.