TXO Partners, L.P. (NYSE:TXO) Short Interest Up 30.7% in February

TXO Partners, L.P. (NYSE:TXO) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 49,000 shares, an increase of 30.7% from the January 31st total of 37,500 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 133,000 shares, the short-interest ratio is presently 0.4 days.

Insider Activity

In other news, CFO Brent W. Clum sold 7,702 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $18.59, for a total value of $143,180.18. Following the sale, the chief financial officer now directly owns 470,337 shares in the company, valued at $8,743,564.83. The trade was a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Scott T. Agosta sold 5,775 shares of the business’s stock in a transaction dated 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 owns 159,498 shares in the company, valued at approximately $2,965,067.82. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought a total of 75,500 shares of company stock worth $1,223,690 over the last three months.

Institutional Trading of TXO Partners

A number of institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in TXO Partners during the fourth quarter worth about $72,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in TXO Partners by 109.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,916 shares of the company’s stock worth $150,000 after acquiring an additional 4,664 shares in the last quarter. M&T Bank Corp bought a new stake in TXO Partners during the fourth quarter worth about $253,000. XTX Topco Ltd bought a new stake in TXO Partners during the fourth quarter worth about $270,000. Finally, Virtu Financial LLC bought a new stake in TXO Partners during the fourth quarter worth about $339,000. 27.44% of the stock is currently owned by institutional investors.

TXO Partners Stock Down 2.3 %

Shares of TXO Partners stock traded down $0.43 during trading on Tuesday, reaching $18.23. The stock had a trading volume of 98,749 shares, compared to its average volume of 134,387. The company has a market capitalization of $745.64 million, a price-to-earnings ratio of -3.07 and a beta of 0.19. The stock has a fifty day moving average price of $19.14 and a two-hundred day moving average price of $17.91. TXO Partners has a 52 week low of $15.22 and a 52 week high of $23.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25.

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.