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

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

Several other hedge funds have also modified their holdings of TXO. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in TXO Partners in the third quarter valued at $84,000. Glenmede Trust Co. NA grew its holdings in shares of TXO Partners by 13.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after acquiring an additional 5,831 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in TXO Partners by 28.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 50,000 shares of the company’s stock worth $842,000 after purchasing an additional 11,000 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in TXO Partners by 7.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock valued at $5,757,000 after purchasing an additional 19,241 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of TXO Partners in the third quarter valued at $559,000. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Price Performance

TXO Partners stock opened at $18.54 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $18.10 and its 200 day simple moving average is $17.81. TXO Partners, L.P. has a 52 week low of $15.22 and a 52 week high of $23.56. The firm has a market capitalization of $758.27 million, a PE ratio of -3.12 and a beta of 0.18.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The business had revenue of $68.73 million during the quarter, compared to analyst estimates of $64.60 million. On average, equities research analysts predict that TXO Partners, L.P. will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at TXO Partners

In other news, Director William H. Adams III purchased 14,000 shares of the stock in a transaction dated Monday, December 30th. The stock was acquired 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 directly owns 92,784 shares in the company, valued at $1,570,833.12. This represents a 17.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith A. Hutton bought 60,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of $16.04 per share, with a total value of $962,400.00. Following the completion of the purchase, the director now directly owns 4,100,215 shares in the company, valued at $65,767,448.60. This trade represents a 1.49 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 75,500 shares of company stock worth $1,223,690.

TXO Partners Company 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.