Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TXO Partners L.P shares valued at $236,998 were purchased by ADAMS WILLIAM H III on Dec 30 ’24. At $16.93 per share, ADAMS WILLIAM H III acquired 14,000 shares. The insider’s holdings grew to 92,784 shares worth approximately $1.56 million following the completion of this transaction.
Also, HUTTON KEITH A purchased 60,000 shares, netting a total of over 962,556 in proceeds. Following the buying of shares at $16.04 each, the insider now holds 4,100,215 shares.
Before that, HUTTON KEITH A had added 40,000 shares to its account. In a trade valued at $625,464, the Director bought TXO Partners L.P shares for $15.64 each. Upon closing the transaction, the insider’s holdings increased to 40,000 shares, worth approximately $67.84 million.
As published in their initiating research note from Stifel on February 21, 2023, TXO Partners L.P [TXO] has been a Buy and the price target has been revised to $31. Analysts at Raymond James started covering the stock with ‘”a Strong buy”‘ outlook in a report released in late February. As of February 21, 2023, CapitalOne has initiated its “an Overweight” rating for TXO.
Analyzing TXO Stock Performance
During the last five days, there has been a drop of approximately -0.30%. Over the course of the year, TXO Partners L.P shares have dropped approximately -0.30%. Shares of the company reached a 52-week high of $17.41 on 01/03/25 and a 52-week low of $16.49 on 01/07/25. A 50-day SMA is recorded $17.58, while a 200-day SMA reached $19.19. Nevertheless, trading volume fell to 53435.0 shares from 78600.0 shares the previous day.
Support And Resistance Levels for TXO Partners L.P (TXO)
According to the 24-hour chart, there is a support level at 16.52, which, if violated, would cause prices to drop to 16.26. In the upper region, resistance lies at 17.04. The next price resistance is at 17.29. RSI (Relative Strength Index) is 45.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 36.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.