Have TXO Partners Insiders Been Selling Stock?

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%.

View our latest analysis for TXO Partners

TXO Partners Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when CEO & Chairman of the Board of TXO Energy GP Bob Simpson bought US$4.9m worth of shares at a price of US$17.60 per share. So it's clear an insider wanted to buy, at around the current price, which is US$17.92. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for TXO Partners share holders is that insiders were buying at near the current price.

Over the last year, we can see that insiders have bought 475.65k shares worth US$8.4m. But they sold 4.34k shares for US$80k. Overall, TXO Partners insiders were net buyers during the last year. 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. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of TXO Partners

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. 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 Do The TXO Partners Insider Transactions Indicate?

An insider sold TXO Partners shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. 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. To that end, you should learn about the 3 warning signs we've spotted with TXO Partners (including 1 which is a bit concerning).

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.