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

TXO Partners, L.P. (NYSE:TXO) was the target of a significant increase in short interest in the month of 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. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 133,000 shares, the short-interest ratio is presently 0.4 days.

TXO Partners Trading Down 2.3 %

Shares of TXO Partners stock traded down $0.43 during trading on Tuesday, reaching $18.23. 98,749 shares of the company were exchanged, compared to its average volume of 134,387. 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 has a twelve month low of $15.22 and a twelve month high of $23.56. The business has a 50-day moving average price of $19.14 and a 200-day moving average price of $17.91. The firm has a market capitalization of $745.64 million, a price-to-earnings ratio of -3.07 and a beta of 0.19.

Insider Buying and Selling

In related news, CAO Scott T. Agosta sold 5,775 shares of TXO Partners stock in a transaction on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $107,357.25. Following the completion of the sale, the chief accounting officer now directly owns 159,498 shares of the company’s stock, valued at $2,965,067.82. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brent W. Clum sold 7,702 shares of TXO Partners stock in a transaction on 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 of the company’s stock, valued at approximately $8,743,564.83. This trade represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased a total of 75,500 shares of company stock valued at $1,223,690 over the last three months.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXO. Wilmington Savings Fund Society FSB bought a new position in TXO Partners during the fourth quarter worth about $72,000. Thurston Springer Miller Herd & Titak Inc. lifted 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 position in TXO Partners during the fourth quarter worth about $253,000. XTX Topco Ltd bought a new position in TXO Partners during the fourth quarter worth about $270,000. Finally, Virtu Financial LLC bought a new position in TXO Partners during the fourth quarter worth about $339,000. 27.44% of the stock is currently owned by 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.