Capital One Financial Estimates TXO Partners FY2024 Earnings

TXO Partners, L.P. (NYSE:TXO) – Stock analysts at Capital One Financial dropped their FY2024 earnings estimates for TXO Partners in a note issued to investors on Wednesday, November 13th. Capital One Financial analyst P. Johnston now expects that the company will post earnings of $0.81 per share for the year, down from their prior forecast of $0.88. The consensus estimate for TXO Partners’ current full-year earnings is $0.82 per share. Capital One Financial also issued estimates for TXO Partners’ Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.26 EPS and Q4 2025 earnings at $0.27 EPS.

TXO Partners Stock Down 0.6 %

TXO opened at $19.01 on Friday. The stock has a market cap of $777.70 million, a price-to-earnings ratio of -3.20 and a beta of 0.11. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $18.94 and its two-hundred day moving average price is $19.20. TXO Partners has a twelve month low of $17.20 and a twelve month high of $23.56.

TXO Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 15th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 12.20%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from TXO Partners’s previous quarterly dividend of $0.57. TXO Partners’s dividend payout ratio is -38.38%.

Institutional Trading of TXO Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in TXO Partners during the 3rd quarter worth approximately $84,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of TXO Partners in the 3rd quarter worth $559,000. PFG Investments LLC bought a new position in shares of TXO Partners in the 3rd quarter worth $639,000. Silverleafe Capital Partners LLC bought a new position in shares of TXO Partners in the 2nd quarter worth $685,000. Finally, Glenmede Trust Co. NA increased its holdings in shares of TXO Partners by 13.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after buying an additional 5,831 shares during the last quarter. Institutional investors own 27.44% of the company’s stock.

TXO Partners Company Profile

TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.