On December 19, 2024, Keith Hutton, Director and 10% Owner of TXO Partners LP, purchased 120,000 shares of the company. Following this transaction, the insider now holds a total of 4,120,215 shares in TXO Partners LP. The transaction details are available in the SEC Filing.
TXO Partners LP is engaged in the business of oil and gas exploration and production. The company focuses on acquiring, developing, and managing oil and gas properties.
The insider's recent purchase is part of a broader trend, as over the past year, Keith Hutton has acquired a total of 998,000 shares, while not selling any shares. This activity is reflected in the insider transaction history for TXO Partners LP, which shows a total of four insider buys and five insider sells over the past year.
Shares of TXO Partners LP were trading at $15.88 each on the day of the insider's recent acquisition, giving the stock a market cap of $650.116 million.
For investors, insider buying can be a signal of confidence in the company's future prospects. However, it is important to consider other factors such as the company's GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow when evaluating the stock.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
