Brent W. Clum Sells 7,702 Shares of TXO Partners, L.P. (NYSE:TXO) Stock

TXO Partners, L.P. (NYSE:TXO - Get Free Report) CFO Brent W. Clum sold 7,702 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $143,180.18. Following the completion of the transaction, the chief financial officer now owns 470,337 shares in the company, valued at $8,743,564.83. This trade represents a 1.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TXO Partners Price Performance

Shares of NYSE:TXO traded down $0.14 during mid-day trading on Friday, reaching $18.83. The stock had a trading volume of 33,663 shares, compared to its average volume of 104,451. The business's 50 day moving average price is $18.39 and its 200 day moving average price is $17.82. TXO Partners, L.P. has a 1 year low of $15.22 and a 1 year high of $23.56. The company has a market cap of $770.13 million, a P/E ratio of -3.17 and a beta of 0.19. 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 (NYSE:TXO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The business had revenue of $68.73 million during the quarter, compared to analysts' expectations of $64.60 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. Research analysts expect that TXO Partners, L.P. will post 1.02 EPS for the current fiscal year.

Institutional Trading of TXO Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in TXO Partners during the 4th quarter valued at about $72,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in TXO Partners in the third quarter worth approximately $84,000. M&T Bank Corp purchased a new stake in TXO Partners during the fourth quarter worth $253,000. Childress Capital Advisors LLC bought a new stake in TXO Partners during the 4th quarter valued at $423,000. Finally, Merit Financial Group LLC purchased a new position in shares of TXO Partners in the 4th quarter valued at $505,000. 27.44% of the stock is owned by hedge funds and other institutional investors.

TXO Partners Company 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.