TXO Partners L.P’s recent filing unveils that its President of Prod and Develop HUTTON KEITH A acquired Company’s shares for reported $17.56 million on Jun 28 ’24. In the deal valued at $20.00 per share,878,000 shares were bought. As a result of this transaction, HUTTON KEITH A now holds 4,000,215 shares worth roughly $63.12 million.
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Then, SIMPSON BOB R bought 100,000 shares, generating $2,000,000 in total proceeds. Upon buying the shares at $20.00, the Chairman and CEO now owns 4,500,000 shares.
Before that, King Luther Jr sold 10,000 shares. TXO Partners L.P shares valued at $212,428 were divested by the Director at a price of $21.24 per share. As a result of the transaction, King Luther Jr now holds 2,561,530 shares, worth roughly $40.42 million.
Stifel initiated its TXO Partners L.P [TXO] rating to a Buy in a research note published on February 21, 2023; the price target was $31. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late February with a ‘”a Strong buy”‘ rating. CapitalOne began covering TXO with “an Overweight” recommendation on February 21, 2023.
Price Performance Review of TXO
On Tuesday, TXO Partners L.P [NYSE:TXO] saw its stock fall -1.74% to $15.78. Over the last five days, the stock has lost -6.29%. TXO Partners L.P shares have fallen nearly -13.20% since the year began. Nevertheless, the stocks have fallen -14.38% over the past one year. While a 52-week high of $23.56 was reached on 05/16/24, a 52-week low of $16.00 was recorded on 12/17/24. SMA at 50 days reached $18.26, while 200 days put it at $19.29.
Levels Of Support And Resistance For TXO Stock
The 24-hour chart illustrates a support level at 15.33, which if violated will result in even more drops to 14.89. On the upside, there is a resistance level at 16.11. A further resistance level may holdings at 16.45. The Relative Strength Index (RSI) on the 14-day chart is 20.05, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.90%. Stochastics %K at 13.98% indicates the stock is a buying.
How much short interest is there in TXO Partners L.P?
A steep rise in short interest was recorded in TXO Partners L.P stocks on 2024-11-29, dropping by 2083.0 shares to a total of 31601.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 33684.0 shares. There was a decline of -6.59%, which implies that there is a negative sentiment for the stock.
