New insider activity at TXO Energy Partners LP ( (TXO) ) has taken place on May 16, 2025.
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In a significant show of confidence in TXO Energy Partners LP, several directors have made substantial stock purchases. Director Bob R. Simpson led the charge with an acquisition of 2,250,000 shares valued at $33,750,000. Following him, Director Keith A. Hutton purchased 700,000 shares for $10,500,000. Director Lawrence Massaro also invested in 20,000 shares worth $300,000, while Director Phillip Kevil acquired 3,000 shares for $45,540.
Recent Updates on TXO stock
TXO Energy Partners LP has experienced a significant decline in its stock price, dropping by approximately 14.4% to 15% over the last 24 hours. This downturn is primarily attributed to the company’s announcement of a public offering agreement, which involves the issuance of 11.67 million common units priced at $15.00 each. The offering is expected to raise around $165.3 million, intended to fund a major acquisition of oil and gas properties from White Rock Energy, LLC. If the acquisition does not proceed, the funds will be used to repay borrowings and for general corporate purposes. The market reacted negatively to the dilution effect of the new share issuance, contributing to the stock’s decline. Additionally, the announcement of a $175 million common units offering and a major acquisition deal further influenced investor sentiment, leading to the observed price movements.
More about TXO Energy Partners LP
YTD Price Performance: -6.25%
Average Trading Volume: 175,606
Technical Sentiment Signal: Sell
Current Market Cap: $731.4M