Insider Selling: TXO Partners (NYSE:TXO) CAO Sells 10,689 Shares of Stock

TXO Partners LP (NYSE:TXO) CAO Scott Agosta sold 10,689 shares of the company’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 in the company, valued at $2,480,071.18. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TXO Partners Trading Up 2.7%

TXO traded up $0.31 during trading on Tuesday, reaching $12.04. 150,514 shares of the stock traded hands, compared to its average volume of 207,587. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average is $11.30 and its 200 day moving average is $12.99. TXO Partners LP has a 12 month low of $10.12 and a 12 month high of $20.70. The stock has a market capitalization of $659.77 million, a PE ratio of 30.11 and a beta of 0.13.

Institutional Investors Weigh In On TXO Partners

Hedge funds have recently modified their holdings of the stock. State of Wyoming bought a new position in shares of TXO Partners during the 2nd quarter worth $45,000. Arlington Trust Co LLC purchased a new stake in TXO Partners during the third quarter valued at about $56,000. CWM LLC lifted its stake in shares of TXO Partners by 5,389.0% during the 3rd quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after buying an additional 5,389 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in shares of TXO Partners during the second quarter worth $150,000. Finally, Apollon Wealth Management LLC purchased a new stake in TXO Partners during the 2nd quarter worth about $152,000. Institutional investors own 27.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.