Txo Partners chief accounting officer sells $107,357 in stock

Scott T. Agosta, Chief Accounting Officer of TXO Partners, L.P. (NASDAQ:TXO), a $759 million market cap energy company that InvestingPro analysis suggests is currently undervalued, recently reported a notable stock transaction. According to a filing with the Securities and Exchange Commission, Agosta sold 5,775 common units at a price of $18.59 per unit, amounting to a total of $107,357.

The transaction was conducted to cover tax withholding obligations related to the vesting of certain equity awards. This sale was executed under a Rule 10b5-1 trading plan, as mandated by the company’s policy, and did not represent a discretionary decision by Agosta. Notably, TXO Partners offers investors a substantial 12.5% dividend yield and maintains relatively low price volatility.

In addition to the sale, Agosta acquired 21,110 phantom units and 24,080 performance units, both of which are equivalent to common units and will vest in installments beginning January 31, 2026. Following these transactions, Agosta directly owns 159,498 common units of TXO Partners. With the company’s next earnings report scheduled for February 26, InvestingPro subscribers can access additional insights and 7 more ProTips about TXO’s financial health and outlook.

In other recent news, Gary D. Simpson, President of Production and Development at TXO Partners, has established a prearranged trading plan for selling company stock. This move is in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, which permits company insiders to schedule stock sales when they are not privy to material non-public information. The plan’s purpose is to facilitate the sale of common units of the Partnership to cover tax liabilities relating to the vesting of phantom units post-February 2025. The number of common units to be sold is yet to be determined and will be contingent on vesting conditions and the market price of TXO’s common units at the time of sale. The announcement of this trading plan underscores TXO Partners’ commitment to transparency and legal compliance. The filing for this trading plan was made public as part of the company’s recent 8-K filing with the Securities and Exchange Commission.

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