Q3 2024 Earnings Estimate for TXO Partners, L.P. (NYSE:TXO) Issued By Capital One Financial

TXO Partners, L.P. (NYSE:TXO) – Equities research analysts at Capital One Financial lowered their Q3 2024 earnings estimates for TXO Partners in a report released on Wednesday, June 26th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.34 for the quarter, down from their previous estimate of $0.36. The consensus estimate for TXO Partners’ current full-year earnings is $1.28 per share.

TXO Partners Trading Down 6.1 %

NYSE TXO opened at $20.60 on Thursday. The firm has a market capitalization of $637.36 million, a price-to-earnings ratio of -3.52 and a beta of 0.10. The company’s 50 day moving average price is $20.99 and its 200 day moving average price is $19.65. TXO Partners has a one year low of $17.20 and a one year high of $23.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.36 and a current ratio of 1.36.

TXO Partners (NYSE:TXO) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.24 by $0.09. TXO Partners had a negative net margin of 61.27% and a positive return on equity of 7.94%. The firm had revenue of $67.44 million for the quarter, compared to analyst estimates of $65.24 million.

Institutional Trading of TXO Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. acquired a new position in TXO Partners in the fourth quarter worth $4,346,000. Hsbc Holdings PLC acquired a new position in TXO Partners in the fourth quarter worth $2,685,000. Energy Income Partners LLC boosted its holdings in TXO Partners by 37.7% in the first quarter. Energy Income Partners LLC now owns 493,438 shares of the company’s stock worth $8,857,000 after purchasing an additional 135,029 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in TXO Partners by 418.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 52,688 shares of the company’s stock worth $958,000 after purchasing an additional 42,533 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in TXO Partners in the fourth quarter worth $690,000. Institutional investors own 27.44% of the company’s stock.

Insider Activity

In other news, major shareholder Global Endowment Management, L sold 51,752 shares of TXO Partners stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $18.39, for a total transaction of $951,719.28. Following the sale, the insider now owns 1,120,778 shares in the company, valued at $20,611,107.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Luther King, Jr. sold 10,000 shares of TXO Partners stock in a transaction on Friday, May 24th. The shares were sold at an average price of $21.24, for a total value of $212,400.00. Following the completion of the sale, the director now owns 2,561,530 shares in the company, valued at $54,406,897.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Global Endowment Management, L sold 51,752 shares of TXO Partners stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $18.39, for a total transaction of $951,719.28. Following the completion of the sale, the insider now owns 1,120,778 shares of the company’s stock, valued at approximately $20,611,107.42. The disclosure for this sale can be found here. Insiders have sold 137,878 shares of company stock worth $2,583,684 over the last 90 days.

TXO Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.62%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.58. TXO Partners’s dividend payout ratio (DPR) is currently -44.44%.

About TXO Partners

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.