We note that the TXO Partners, L.P. (NYSE:TXO) President of Business Operations, Brent Clum, recently sold US$80k worth of stock for US$18.54 per share. However we note that the sale only shrunk their holding by 1.5%.
TXO Partners Insider Transactions Over The Last Year
The CEO & Chairman of the Board of TXO Energy GP Bob Simpson made the biggest insider purchase in the last 12 months. That single transaction was for US$4.9m worth of shares at a price of US$17.60 each. That implies that an insider found the current price of US$17.92 per share to be enticing. 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. Happily, the TXO Partners insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 475.65k shares worth US$8.4m. On the other hand they divested 4.34k shares, for US$80k. In total, TXO Partners insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
TXO Partners is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that TXO Partners insiders own 28% of the company, worth about US$160m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About TXO Partners Insiders?
An insider hasn't bought TXO Partners stock in the last three months, but there was some selling. But we take heart from prior transactions. We are also comforted by the high levels of insider ownership. So the recent selling doesn't worry us. While we like knowing 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. At Simply Wall St, we've found that TXO Partners has 3 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.
But note: TXO Partners may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.