Brent W. Clum, who serves as Co-CEO and chief financial officer of TXO Partners, L.P. (NASDAQ: TXO), executed a sale of 27,234 common units on April 1, 2026. The units traded at $12.38 apiece, producing total gross proceeds of $337,156. Following the disposition, Clum retains direct ownership of 800,340 common units in the partnership.
The sale occurs against a backdrop of notable operational and financial developments for TXO. The company’s share price is up 20.76% year-to-date, and InvestingPro characterizes the partnership as undervalued while highlighting a dividend yield of 9.54%. InvestingPro also points investors to an additional set of analytical items - referenced as eight more ProTips - for those assessing the stock’s valuation.
On the corporate results front, TXO Energy Partners reported a fourth-quarter 2025 cash distribution of $0.30 per unit. That distribution matched the estimate published by Raymond James and exceeded consensus expectations by about 11%.
Operational metrics in the period showed production increased by approximately 14% quarter-over-quarter, reaching roughly 32.57 thousand barrels of oil equivalent per day. That output beat estimates by around 3%.
Following the fourth-quarter results and related announcements, Raymond James adjusted its price target for TXO Energy Partners from $18.00 to $23.00 and reaffirmed a Strong Buy rating, citing higher crude prices and the pending Cross Timbers divestiture. The company said it expects to sell most assets in the Cross Timbers joint venture and anticipates net proceeds of about $100 million from that transaction, with closing expected in the second quarter of 2026.
Stifel also weighed in after the quarter, reiterating a Buy rating and raising its price target to $19.00 from $18.00. Stifel pointed to effective execution and updated its financial model to reflect fourth-quarter outcomes.
The Williston basin represented roughly 35% of TXO’s total production in the fourth quarter of 2025, underscoring the region’s contribution to the partnership’s output mix. Taken together, the insider sale, dividend yield, production gains, analyst revisions and the Cross Timbers asset sale lay out the current constellation of company-level activity and market reception.