Yahoo Finance TXO Partners President of Production & Development and Director of TXO Energy GP Acquires 28% More Stock
Those following along with TXO Partners, L.P. (NYSE:TXO) will no doubt be intrigued by the recent purchase of shares by Keith Hutton, President of Production & Development and Director of TXO Energy GP of the company, who spent a stonking US$18m on stock at an average price of US$20.00. Not only is that a big swing, but it increased their holding size by 28%, which is definitely great to see.
Check out our latest analysis for TXO Partners
The Last 12 Months Of Insider Transactions At TXO Partners
Notably, that recent purchase by Keith Hutton is the biggest insider purchase of TXO Partners shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$20.16. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for TXO Partners share holders is that insiders were buying at near the current price.
Happily, we note that in the last year insiders paid US$28m for 1.45m shares. On the other hand they divested 14.34k shares, for US$293k. In the last twelve months there was more buying than selling by TXO Partners insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. TXO Partners insiders own 23% of the company, currently worth about US$176m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At TXO Partners Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest TXO Partners insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 2 warning signs for TXO Partners (of which 1 is potentially serious!) you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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