In a recent move, Global Endowment Management, LP has sold a significant number of shares in TXO Partners, L.P. (NYSE:TXO). The transactions, which took place on April 30, 2024, involved the sale of 33,432 and 18,320 common units at a weighted average price of $18.3949 per unit. The total value of the shares sold amounted to $951,972.
The sales were executed in multiple transactions with prices ranging from $18.15 to $18.76. Global Endowment Management, which is a ten percent owner of TXO Partners, controls the investment decisions of both GEF-DTOE, Inc. and GEF-PUE, LP, entities through which the shares were held. Stephanie S. Lynch, the managing partner of Global Endowment Management, may be deemed to share beneficial ownership of the common units.
Following the transactions, the ownership stake of Global Endowment Management in TXO Partners has been adjusted. The common units were sold indirectly by GEF-PUE, LP and GEF-DTOE, Inc., with the post-transaction shares owned following the transaction being 2,041,432 and 1,120,778, respectively.
Investors closely monitor such sales by major stakeholders as they can sometimes provide insights into the owner's view of the company's future performance and valuation. The details of the transactions, including the full range of prices at which the sales were conducted, have been made available upon request.
The filing, signed by Stephanie S. Lynch on May 2, 2024, confirms the completion of the reported transactions.
InvestingPro Insights
Amidst the recent transactions by Global Endowment Management, investors looking at TXO Partners, L.P. (NYSE:TXO) may find the following InvestingPro data and tips particularly insightful. With a market capitalization of $569.18 million, TXO Partners appears to be a moderate-sized player in its sector. The company's performance over the last twelve months, as of Q4 2023, shows a substantial revenue growth of 54.51%, which is further accentuated by a quarterly revenue growth of 117.13% in Q4 2023. This indicates a significant uptick in the company's business activities during that period.
However, it's important to note that TXO Partners currently has a negative P/E ratio of -5.26, reflecting challenges in generating consistent profits. This is also highlighted by the fact that the company was not profitable over the last twelve months. On the upside, an InvestingPro Tip points out that analysts predict the company will be profitable this year, which could signal a potential turnaround in its financial performance.
Regarding shareholder returns, TXO Partners pays a significant dividend, with a yield of 12.53% as of the latest data. This is a key consideration for income-focused investors. Furthermore, the company's stock is trading near its 52-week low, which could present a buying opportunity for value investors, assuming they believe in the company's fundamentals and future prospects. This is complemented by another InvestingPro Tip indicating that the stock generally trades with low price volatility, potentially offering a more stable investment.
For those seeking a deeper analysis, there are additional InvestingPro Tips available for TXO Partners. For instance, the company's liquid assets exceed its short-term obligations, which suggests a strong liquidity position. Plus, the company operates with a moderate level of debt, which may appeal to investors looking for companies with a prudent financial structure. To explore these insights further and access a comprehensive list of tips, visit https://www.investing.com/pro/TXO and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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