TXO Partners (NYSE:TXO) CAO Scott Agosta Sells 10,689 Shares of Stock

TXO Partners LP (NYSE:TXO) CAO Scott Agosta sold 10,689 shares of the business’s stock in a transaction that occurred on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total value of $129,016.23. Following the completion of the sale, the chief accounting officer owned 205,474 shares of the company’s stock, valued at approximately $2,480,071.18. This represents a 4.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

TXO Partners Stock Up 2.7%

Shares of NYSE:TXO opened at $12.04 on Wednesday. TXO Partners LP has a 1-year low of $10.12 and a 1-year high of $20.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market cap of $659.77 million, a P/E ratio of 30.11 and a beta of 0.13. The firm has a fifty day moving average price of $11.30 and a 200 day moving average price of $12.97.

Analysts Set New Price Targets

A number of analysts have commented on TXO shares. Weiss Ratings downgraded TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Stifel Nicolaus decreased their price objective on shares of TXO Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Raymond James Financial set a $18.00 price target on shares of TXO Partners in a report on Tuesday, January 27th. Finally, Zacks Research upgraded shares of TXO Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Institutional Trading of TXO Partners

Institutional investors have recently made changes to their positions in the stock. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of TXO Partners by 0.8% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 181,500 shares of the company’s stock valued at $2,550,000 after purchasing an additional 1,500 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in TXO Partners by 17.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 11,845 shares of the company’s stock valued at $166,000 after purchasing an additional 1,747 shares in the last quarter. State of Wyoming acquired a new stake in shares of TXO Partners during the second quarter valued at about $45,000. Atria Wealth Solutions Inc. grew its stake in TXO Partners by 25.0% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 15,000 shares of the company’s stock valued at $229,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in shares of TXO Partners during the third quarter worth approximately $56,000. 27.44% of the stock is owned by hedge funds and other institutional investors.

About TXO Partners

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.