TXO Partners L.P’s recent filing unveils that its Director ADAMS WILLIAM H III acquired Company’s shares for reported $0.24 million on Dec 30 ’24. In the deal valued at $16.93 per share,14,000 shares were bought. As a result of this transaction, ADAMS WILLIAM H III now holds 92,784 shares worth roughly $1.8 million.
Then, HUTTON KEITH A bought 60,000 shares, generating $962,556 in total proceeds. Upon buying the shares at $16.04, the Director now owns 4,100,215 shares.
Before that, HUTTON KEITH A bought 40,000 shares. TXO Partners L.P shares valued at $625,464 were divested by the Director at a price of $15.64 per share. As a result of the transaction, HUTTON KEITH A now holds 4,040,215 shares, worth roughly $78.34 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 Friday, TXO Partners L.P [NYSE:TXO] saw its stock jump 4.30% to $19.39. Over the last five days, the stock has gained 11.89%. TXO Partners L.P shares have risen nearly 15.14% since the year began. Nevertheless, the stocks have risen 3.58% over the past one year. While a 52-week high of $23.56 was reached on 01/17/25, a 52-week low of $15.22 was recorded on 01/07/25. SMA at 50 days reached $17.49, while 200 days put it at $19.19.
Levels Of Support And Resistance For TXO Stock
The 24-hour chart illustrates a support level at 18.73, which if violated will result in even more drops to 18.08. On the upside, there is a resistance level at 19.77. A further resistance level may holdings at 20.16. The Relative Strength Index (RSI) on the 14-day chart is 76.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.40%. Stochastics %K at 89.75% indicates the stock is a selling.
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 2024-12-31, dropping by 22538.0 shares to a total of 9063.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 31601.0 shares. There was a decline of -248.68%, which implies that there is a negative sentiment for the stock.
