Childress Capital Advisors LLC Takes Position in TXO Partners, L.P. (NYSE:TXO)

Childress Capital Advisors LLC acquired a new position in shares of TXO Partners, L.P. (NYSE:TXO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,124 shares of the company's stock, valued at approximately $423,000. Childress Capital Advisors LLC owned 0.06% of TXO Partners at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TXO. CWA Asset Management Group LLC bought a new stake in TXO Partners during the 4th quarter worth about $654,000. Merit Financial Group LLC bought a new stake in TXO Partners during the fourth quarter worth about $505,000. Glenmede Trust Co. NA boosted its position in TXO Partners by 13.9% during 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 during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in TXO Partners in the third quarter valued at approximately $559,000. Finally, PFG Investments LLC acquired a new position in shares of TXO Partners during the 3rd quarter worth approximately $639,000. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Stock Down 0.7 %

Shares of NYSE TXO traded down $0.14 during trading hours on Friday, hitting $18.83. The company had a trading volume of 33,663 shares, compared to its average volume of 97,719. TXO Partners, L.P. has a 1-year low of $15.22 and a 1-year high of $23.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The firm's 50 day moving average is $18.35 and its 200-day moving average is $17.82. The stock has a market capitalization of $770.13 million, a P/E ratio of -3.17 and a beta of 0.18.

TXO Partners (NYSE:TXO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The firm had revenue of $68.73 million during the quarter, compared to analyst estimates of $64.60 million. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. On average, analysts expect that TXO Partners, L.P. will post 1.02 earnings per share for the current fiscal year.

Insider Activity at TXO Partners

In related news, Director William H. Adams III purchased 14,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of $16.93 per share, for a total transaction of $237,020.00. Following the purchase, the director now owns 92,784 shares in the company, valued at approximately $1,570,833.12. This represents a 17.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Keith A. Hutton bought 60,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of $16.04 per share, for a total transaction of $962,400.00. Following the purchase, the director now owns 4,100,215 shares of the company's stock, valued at $65,767,448.60. This trade represents a 1.49 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 75,500 shares of company stock worth $1,223,690.

TXO Partners 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.