Childress Capital Advisors LLC Invests $423,000 in TXO Partners, L.P. (NYSE:TXO)

Childress Capital Advisors LLC acquired a new stake in TXO Partners, L.P. (NYSE:TXO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,124 shares of the company’s stock, valued at approximately $423,000. Childress Capital Advisors LLC owned about 0.06% of TXO Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at TXO Partners

In other TXO Partners news, Director Keith A. Hutton acquired 60,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of $16.04 per share, with a total value of $962,400.00. Following the completion of the purchase, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Adams III bought 14,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $16.93 per share, for a total transaction of $237,020.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 75,500 shares of company stock worth $1,223,690 in the last three months.

TXO Partners Stock Performance

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

TXO Partners (NYSE:TXO) last issued its quarterly earnings data 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). TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The firm had revenue of $68.73 million during the quarter, compared to analyst estimates of $64.60 million. Equities research analysts forecast that TXO Partners, L.P. will post 1.02 EPS for the current year.

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.