TXO Partners, L.P. (NYSE:TXO - Get Free Report) CAO Scott T. Agosta sold 5,775 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $107,357.25. Following the completion of the sale, the chief accounting officer now directly owns 159,498 shares of the company's stock, valued at approximately $2,965,067.82. The trade was a 3.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
TXO Partners Trading Down 0.7 %
TXO stock traded down $0.14 during trading on Friday, hitting $18.83. The company had a trading volume of 33,663 shares, compared to its average volume of 104,451. The stock has a market cap of $770.13 million, a PE ratio of -3.17 and a beta of 0.19. The business has a 50-day moving average of $18.39 and a 200-day moving average of $17.82. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. TXO Partners, L.P. has a one year low of $15.22 and a one year high of $23.56.
TXO Partners (NYSE:TXO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. The firm had revenue of $68.73 million during the quarter, compared to analyst estimates of $64.60 million. Research analysts predict that TXO Partners, L.P. will post 1.02 earnings per share for the current fiscal year.
Hedge Funds Weigh In On TXO Partners
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in TXO Partners during the 4th quarter worth about $72,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of TXO Partners during the 3rd quarter valued at about $84,000. M&T Bank Corp bought a new stake in shares of TXO Partners during the 4th quarter valued at about $253,000. Childress Capital Advisors LLC acquired a new stake in TXO Partners during the fourth quarter worth approximately $423,000. Finally, Merit Financial Group LLC bought a new stake in TXO Partners in the fourth quarter worth approximately $505,000. Institutional investors and hedge funds own 27.44% of the company's stock.
TXO Partners Company Profile
(
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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.
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