TXO Partners, L.P. (NYSE:TXO) CAO Scott T. Agosta Sells 5,775 Shares

TXO Partners, L.P. (NYSE:TXO) CAO Scott T. Agosta sold 5,775 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $18.59, for a total value of $107,357.25. Following the sale, the chief accounting officer now owns 159,498 shares of the company’s stock, valued at $2,965,067.82. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

TXO Partners Stock Performance

Shares of TXO Partners stock traded up $0.50 during trading hours on Tuesday, hitting $19.06. 47,603 shares of the company were exchanged, compared to its average volume of 103,932. TXO Partners, L.P. has a 1 year low of $15.22 and a 1 year high of $23.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $18.10 and a 200-day moving average of $17.81. The stock has a market capitalization of $779.74 million, a price-to-earnings ratio of -3.21 and a beta of 0.18.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 company had revenue of $68.73 million for the quarter, compared to analysts’ expectations of $64.60 million. As a group, analysts expect that TXO Partners, L.P. will post 1.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TXO. Wilmington Savings Fund Society FSB acquired a new position in TXO Partners during the fourth quarter worth $72,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in TXO Partners during the third quarter worth $84,000. Childress Capital Advisors LLC acquired a new position in TXO Partners during the fourth quarter worth $423,000. Merit Financial Group LLC acquired a new position in TXO Partners during the fourth quarter worth $505,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in TXO Partners during the third quarter worth $559,000. Institutional investors and hedge funds own 27.44% of the company’s stock.

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.