Hutton Files SC 13D for TXO Partners, L.P.
Ticker: TXO · Form: SC 13D · Filed: Jul 2, 2024 · CIK: 1559432
| Field | Detail |
|---|---|
| Company | Txo Partners, L.P. (TXO) |
| Form Type | SC 13D |
| Filed Date | Jul 2, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $17.60, $20.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sc-13d, oil-gas
Related Tickers: TXO
TL;DR
**Hutton files 13D on TXO Partners, L.P. - ownership change incoming.**
AI Summary
Keith A. Hutton, filing on June 28, 2024, has submitted a Schedule 13D for TXO Partners, L.P. The filing indicates a change in beneficial ownership of the company's common units. The specific details of the change in ownership, including the number of units and percentage of ownership, are not fully detailed in the provided text.
Why It Matters
This filing signals a potential shift in control or significant stake acquisition in TXO Partners, L.P., which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant stake building or changes in control, which can lead to increased volatility and uncertainty for the company's stock.
Key Players & Entities
- TXO Partners, L.P. (company) — Subject Company
- Keith A. Hutton (person) — Filing Person
- June 28, 2024 (date) — Date of Event Requiring Filing
- 400 West 7th Street, Fort Worth, TX 76102 (address) — Business and Mail Address
FAQ
What is the specific change in beneficial ownership being reported by Keith A. Hutton?
The provided text does not specify the exact number of units or the percentage of beneficial ownership change, only that a Schedule 13D filing is required due to an event on June 28, 2024.
What is the CUSIP number for TXO Partners, L.P. common units?
The CUSIP number for TXO Partners, L.P. Common Units representing limited partner interests is 87313P103.
Who is authorized to receive notices and communications for this filing?
Keith A. Hutton, c/o TXO Partners, L.P., 400 West 7th Street, Fort Worth, TX 76102, is authorized to receive notices and communications.
What was the previous name of TXO Partners, L.P.?
The company was formerly known as TXO Energy Partners, L.P. until January 31, 2023, and prior to that, MorningStar Partners, L.P. until October 2, 2012.
What is the primary business of TXO Partners, L.P.?
TXO Partners, L.P. is in the Crude Petroleum & Natural Gas industry, with SIC code 1311.
Filing Stats: 1,755 words · 7 min read · ~6 pages · Grade level 13.3 · Accepted 2024-07-02 18:58:55
Key Financial Figures
- $17.60 — ased 180,000 Common Units at a price of $17.60 per Common Unit. On June 28, 2024, the
- $20.00 — an underwritten offering at a price of $20.00 per Common Unit. The Reporting Person u
Filing Documents
- d863139dsc13d.htm (SC 13D) — 46KB
- 0001193125-24-174461.txt ( ) — 47KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : July 2, 2024 By: /s/ Keith A. Hutton Name: Keith A. Hutton