Director King Luther Jr bought 500,000 TXO shares at $15.00 for $7.5M; stock down 33.4% from $22.84 52-week high; cluster of 5 other insiders buying within 14 days.
King Luther Jr (Director) purchased 500,000 shares on 2025-05-15 at $15.00, increasing his holdings from 2,561,530 to 3,061,530 shares (+19.5% net change). The $7.5M transaction occurred as TXO trades at $15.20, down 33.4% from its 52-week high of $22.84 and down 22.0% over the past 90 days. Notably, five other insiders also bought within the past 14 days, indicating a cluster buying pattern. However, King Luther Jr's prior buy at TXO on 2023-11-10 produced a 90-day return of -2.6%, and his cross-ticker track record shows 1 prior buy with 0% win rate at the 90-day mark and an average 90-day return of -2.6%. The company faces headwinds: annual revenue declined 25.7% year-over-year, net income is $2.4M on $84.3M in quarterly revenue, and the stock trades at a P/E of 40.00, suggesting investors are pricing in recovery expectations.