TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid (NGL) reserves in North America. Co.'s acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado. Its assets consist of approximately 845,820 gross (371,796 net) leasehold and mineral acres located primarily in the Permian Basin and San Juan Basin. Its assets include a 50% interest in Cross Timbers Energy, LLC (Cross Timbers). We show 6 historical shares outstanding datapoints in our TXO shares outstanding history coverage, used to compute TXO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TXO market cap history over the course of time is important for investors
interested in comparing TXO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TXO versus a peer is one thing; comparing
TXO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TXO can fluctuate over the course of history.
With this page we aim to empower investors researching TXO by allowing them to research the TXO market cap history. |
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Video: The Importance of Market Cap
