CEO & Chairman of the Board of TXO Energy GP of TXO Partners Picks Up 6.7% More Stock
TXO Partners L.P. (NYSE:TXO) shareholders (or potential shareholders) will be happy to see that the CEO & Chairman of the Board of TXO Energy GP, Bob Simpson, recently bought a whopping US$4.9m worth of stock, at a price of US$17.60. While that only increased their holding size by 6.7%, it is still a big swing by our standards.
View our latest analysis for TXO Partners
TXO Partners Insider Transactions Over The Last Year
Notably, that recent purchase by Bob Simpson is the biggest insider purchase of TXO Partners shares that we've seen in the last year. That implies that an insider found the current price of US$18.12 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months TXO Partners insiders were buying shares, but not selling. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does TXO Partners Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. TXO Partners insiders own 29% of the company, currently worth about US$159m 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.
So What Does This Data Suggest About TXO Partners Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about TXO Partners. One for the watchlist, at least! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that TXO Partners has 2 warning signs (1 is a bit concerning!) 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.
