Director Bob Simpson Adds $3.5M in TXO Units, Extending Buying Streak
TXO sits 42% above its 52-week low of $10.12.
Summary
Director and 10% owner Bob R. Simpson purchased $3.5 million in TXO common units, extending a pattern of heavy insider buying that now totals over $21 million in the past 90 days.
Key Events · Ownership and Investor Activity · TXO
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Insider Purchase of $3.5M
Bob R. Simpson, Director and 10% owner, acquired 250,000 common units for $3,487,630 at prices between $13.52 and $14.27, increasing his direct holdings to 9,350,000 units.
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Extended Buying Streak
This purchase brings Simpson's total open-market buying to over $21 million in the past 90 days, with no sales, reflecting sustained accumulation.
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Buying Near 52-Week High
The stock is trading near its 52-week high of $14.84, yet Simpson continues to buy, indicating strong conviction in the company's value.
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Post-Q2 Earnings Confidence
The purchase follows a strong Q2 2026 report showing net income of $60.8 million and a cash balance of $107.5 million after a $200 million asset sale.
Analysis · TXO · Energy & Transportation
Director and 10% owner Bob R. Simpson purchased another $3.5 million in TXO common units, bringing his total open-market buying to over $21 million in the past 90 days. This is the latest in a series of purchases that began in May, signaling strong conviction from a key insider. The stock is trading near its 52-week high, yet Simpson continues to buy at elevated prices, which underscores his confidence in the company's outlook following a strong Q2 earnings report and a $200 million asset sale.
At the time of this filing, TXO was trading at $14.37 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $796.8M. The 52-week trading range was $10.12 to $14.84. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.