On August 13, Bob R. Simpson filed a Form 4 showing he acquired 125,000 shares of TXO at an average price of $14.32 per share. The transaction totals nearly $1.8 million in value and was the only insider purchase reported for TXO that day.
Simpson’s dual role as director and significant shareholder means his trading activity is closely watched. Large, open-market buys by insiders in these positions can indicate a belief that the current share price undervalues the company or that there are positive developments ahead.