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

TXO Partners, L.P. (NYSE:TXO) CFO Brent W. Clum sold 7,702 shares of the company’s stock in a transaction dated 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 approximately $8,743,564.83. The trade was a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TXO Partners Trading Up 2.7 %

TXO stock traded up $0.50 during mid-day trading 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 50 day moving average of $18.10 and a 200 day moving average of $17.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. TXO Partners, L.P. has a 12 month low of $15.22 and a 12 month high of $23.56. The company has a market capitalization of $779.74 million, a PE ratio of -3.21 and a beta of 0.18.

TXO Partners (NYSE:TXO) last issued its earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The firm had revenue of $68.73 million for the quarter, compared to the consensus estimate of $64.60 million. On average, equities analysts predict that TXO Partners, L.P. will post 1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TXO Partners

Institutional investors have recently made changes to their positions in the company. CWA Asset Management Group LLC bought a new position in TXO Partners during the 4th quarter worth about $654,000. Merit Financial Group LLC bought a new position in shares of TXO Partners during the fourth quarter valued at approximately $505,000. Glenmede Trust Co. NA increased its holdings in TXO Partners by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after buying an additional 5,831 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in TXO Partners in the third quarter worth approximately $559,000. Finally, PFG Investments LLC purchased a new stake in TXO Partners during the third quarter worth $639,000. Hedge funds and other 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.