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

TXO Partners, L.P. (NYSE:TXO) CFO Brent W. Clum sold 7,702 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $143,180.18. Following the sale, the chief financial officer now owns 470,337 shares in the company, valued at approximately $8,743,564.83. This represents a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TXO Partners Stock Performance

NYSE:TXO traded up $0.50 during trading hours on Tuesday, reaching $19.06. The company had a trading volume of 47,603 shares, compared to its average volume of 103,932. The firm has a market cap of $779.74 million, a price-to-earnings ratio of -3.21 and a beta of 0.18. TXO Partners, L.P. has a 52 week low of $15.22 and a 52 week 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 firm’s 50 day moving average price is $18.10 and its 200-day moving average price is $17.81.

TXO Partners (NYSE:TXO) last released its 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 for the quarter, compared to the consensus estimate of $64.60 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. On average, analysts forecast that TXO Partners, L.P. will post 1.02 EPS for the current year.

Hedge Funds Weigh In On TXO Partners

Hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of TXO Partners during the 3rd quarter valued at about $84,000. Wilmington Savings Fund Society FSB purchased a new stake in TXO Partners during the 4th quarter valued at $72,000. Glenmede Trust Co. NA boosted its stake in TXO Partners by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after buying an additional 5,831 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in TXO Partners by 28.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 50,000 shares of the company’s stock valued at $842,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its stake in shares of TXO Partners by 7.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock valued at $5,757,000 after acquiring an additional 19,241 shares during the period. Institutional investors own 27.44% of the company’s stock.

About TXO Partners

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.