Brent Clum Sells 19,571 Shares of TXO Partners (NYSE:TXO) Stock

TXO Partners LP (NYSE:TXO) CEO Brent Clum sold 19,571 shares of the company’s stock in a transaction on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total transaction of $236,221.97. Following the completion of the sale, the chief executive officer directly owned 827,574 shares in the company, valued at $9,988,818.18. This trade represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TXO Partners Trading Up 2.5%

NYSE TXO opened at $12.28 on Thursday. 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 company has a market capitalization of $672.70 million, a PE ratio of 30.70 and a beta of 0.13. The company has a fifty day moving average of $11.30 and a 200 day moving average of $12.97.

Analyst Ratings Changes

TXO has been the topic of several analyst reports. Zacks Research raised TXO Partners from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Raymond James Financial set a $18.00 price objective on shares of TXO Partners in a research note on Tuesday, January 27th. Weiss Ratings cut shares of TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Finally, Stifel Nicolaus lowered their price target on shares of TXO Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TXO. State of Wyoming purchased a new position in shares of TXO Partners during the 2nd quarter valued at approximately $45,000. Arlington Trust Co LLC acquired a new position in TXO Partners during the third quarter worth $56,000. CWM LLC lifted its holdings in TXO Partners by 5,389.0% during the third quarter. CWM LLC now owns 5,489 shares of the company’s stock valued at $77,000 after purchasing an additional 5,389 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in TXO Partners by 243.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after purchasing an additional 7,779 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in shares of TXO Partners in the second quarter valued at about $150,000. 27.44% of the stock is owned by institutional investors and hedge funds.

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.