On May 15, 2025, Bob Simpson, Director and 10% Owner of TXO Partners LP, acquired 2,250,000 shares of the company, as reported in a SEC Filing. This transaction brings the insider's total ownership to 6,750,000 shares.
TXO Partners LP is engaged in the exploration, development, and production of oil and natural gas properties. The company operates primarily in the United States, focusing on maximizing the value of its existing assets while exploring new opportunities for growth.
The insider's recent purchase is part of a broader trend of insider activity within the company. Over the past year, there have been nine insider buys and six insider sells. Bob Simpson alone has purchased a total of 2,350,000 shares and has not sold any shares during this period.
On the day of the purchase, shares of TXO Partners LP were trading at $15 each, resulting in a market cap of $638.716 million. The company's price-earnings ratio stands at 36.76, which is higher than the industry median of 11.5 and also above the company's historical median price-earnings ratio.
This insider buying activity may be of interest to investors who follow insider trends as a potential indicator of a company's future performance. However, it is important to consider other factors such as the company's GF Value, 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.
