Childress Capital Advisors LLC Takes Position in TXO Partners, L.P. (NYSE:TXO)

Childress Capital Advisors LLC acquired a new position in TXO Partners, L.P. (NYSE:TXO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,124 shares of the company’s stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXO. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of TXO Partners in the third quarter worth $84,000. Merit Financial Group LLC bought a new stake in TXO Partners in the 4th quarter worth about $505,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in TXO Partners in the 3rd quarter worth about $559,000. PFG Investments LLC bought a new position in TXO Partners during the 3rd quarter valued at about $639,000. Finally, CWA Asset Management Group LLC purchased a new stake in shares of TXO Partners during the 4th quarter valued at about $654,000. 27.44% of the stock is owned by institutional investors.

TXO Partners Stock Down 0.3 %

TXO opened at $18.54 on Tuesday. The stock has a market capitalization of $758.27 million, a price-to-earnings ratio of -3.12 and a beta of 0.18. The firm has a 50 day moving average price of $18.10 and a 200-day moving average price of $17.81. TXO Partners, L.P. has a twelve month low of $15.22 and a twelve month high of $23.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25.

TXO Partners (NYSE:TXO) last announced 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). The company had revenue of $68.73 million for the quarter, compared to analysts’ expectations of $64.60 million. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. Equities research analysts forecast that TXO Partners, L.P. will post 1.02 earnings per share for the current year.

Insider Buying and Selling

In other TXO Partners news, Director Keith A. Hutton acquired 60,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of $16.04 per share, with a total value of $962,400.00. Following the transaction, the director now directly owns 4,100,215 shares in the company, valued at approximately $65,767,448.60. The trade was a 1.49 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Adams III bought 14,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average cost of $16.93 per share, for a total transaction of $237,020.00. Following the completion of the acquisition, the director now owns 92,784 shares in the company, valued at $1,570,833.12. This trade represents a 17.77 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 75,500 shares of company stock valued at $1,223,690 over the last 90 days.

TXO Partners Profile

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.