TXO Partners (NYSE:TXO) CEO Gary Simpson Sells 8,126 Shares of Stock

TXO Partners LP (NYSE:TXO) CEO Gary Simpson sold 8,126 shares of the stock in a transaction dated Saturday, January 31st. The shares were sold at an average price of $12.07, for a total value of $98,080.82. Following the completion of the sale, the chief executive officer directly owned 608,252 shares in the company, valued at $7,341,601.64. This represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TXO Partners Stock Performance

Shares of TXO Partners stock opened at $12.04 on Wednesday. The business has a 50-day simple moving average of $11.30 and a 200-day simple moving average of $12.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.48 and a current ratio of 0.48. TXO Partners LP has a one year low of $10.12 and a one year high of $20.70. The company has a market cap of $659.77 million, a PE ratio of 30.11 and a beta of 0.13.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TXO. CIBC Bancorp USA Inc. purchased a new stake in TXO Partners in the third quarter valued at approximately $25,402,000. Global Endowment Management LP increased its holdings in shares of TXO Partners by 54.9% in the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock valued at $37,739,000 after acquiring an additional 952,257 shares during the period. King Luther Capital Management Corp raised its position in TXO Partners by 19.9% in the 2nd quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company’s stock valued at $46,200,000 after purchasing an additional 510,266 shares during the last quarter. American Century Companies Inc. boosted its stake in TXO Partners by 40.7% during the 2nd quarter. American Century Companies Inc. now owns 1,490,548 shares of the company’s stock worth $22,418,000 after purchasing an additional 431,234 shares during the period. Finally, First Trust Advisors LP purchased a new position in TXO Partners during the 2nd quarter worth $5,830,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

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.