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 on Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $107,357.25. Following the completion of the sale, the chief accounting officer now directly owns 159,498 shares in the company, 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 SEC, which is available through this hyperlink.

TXO Partners Price Performance

Shares of NYSE:TXO traded up $0.50 on Tuesday, hitting $19.06. The company had a trading volume of 47,603 shares, compared to its average volume of 103,932. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. TXO Partners, L.P. has a 52-week low of $15.22 and a 52-week high of $23.56. The business has a 50 day moving average of $18.10 and a 200 day moving average of $17.81. The company has a market cap of $779.74 million, a PE ratio of -3.21 and a beta of 0.18.

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

Institutional Trading of TXO Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWA Asset Management Group LLC purchased a new stake in shares of TXO Partners in the fourth quarter valued at $654,000. Merit Financial Group LLC purchased a new stake in shares of TXO Partners in the fourth quarter valued at $505,000. Glenmede Trust Co. NA lifted its position in shares of TXO Partners by 13.9% in the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock valued at $943,000 after acquiring an additional 5,831 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in TXO Partners during the third quarter worth about $559,000. Finally, PFG Investments LLC purchased a new position in TXO Partners during the third quarter worth about $639,000. 27.44% of the stock is currently owned by hedge funds and other institutional investors.

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.