Argent Financial Group founder and CEO Kyle McDonald rang The Opening BellTM Tuesday morning for the New York Stock Exchange. McDonald is a native of DeSoto Parish and a Mansfield High School graduate.
While remaining a privately owned company, Argent recently assumed trustee responsibilities for numerous publicly traded royalty trusts, including Sabine Royalty Trust (SBR), Permian Basin Royalty Trust (PBT), Cross Timbers Royalty Trust (CRT) and PermRock Royalty Trust (PRT), which all trade on the NYSE.
“Ringing the bell was a humbling experience that resulted from the opportunity to work with exceptional professionals who serve our valued clients well,” McDonald said. “It was an honor to represent the entire Argent team. When we started Argent in Ruston 33 years ago, this experience was not something we would have ever envisioned.”
Argent subsidiary Argent Mineral Management serves a number of DeSoto Parish families’ oil and gas leasing and royalty management needs. McDonald’s parents, Diane and A.W. McDonald live in Stonewall.
Photo credit NYSE