Q2 2024 Earnings Estimate for TXO Partners, L.P. (NYSE:TXO) Issued By Capital One Financial

TXO Partners, L.P. (NYSE:TXO) – Research analysts at Capital One Financial lowered their Q2 2024 earnings per share estimates for shares of TXO Partners in a note issued to investors on Wednesday, July 3rd. Capital One Financial analyst P. Johnston now expects that the company will earn $0.21 per share for the quarter, down from their previous estimate of $0.32. The consensus estimate for TXO Partners’ current full-year earnings is $1.64 per share. Capital One Financial also issued estimates for TXO Partners’ Q4 2024 earnings at $0.59 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.62 EPS and FY2025 earnings at $2.45 EPS.

TXO Partners (NYSE:TXO) last issued its earnings results on Tuesday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The company had revenue of $67.44 million for the quarter, compared to analysts’ expectations of $65.24 million. TXO Partners had a negative net margin of 61.27% and a positive return on equity of 7.94%.

TXO Partners Stock Up 1.6 %

Shares of NYSE:TXO opened at $21.23 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $656.86 million, a P/E ratio of -3.63 and a beta of 0.05. TXO Partners has a 52 week low of $17.20 and a 52 week high of $23.56. The business has a 50 day simple moving average of $20.76.

Hedge Funds Weigh In On TXO Partners

Several large investors have recently made changes to their positions in TXO. Pin Oak Investment Advisors Inc. purchased a new position in TXO Partners during the fourth quarter valued at $4,346,000. Hsbc Holdings PLC acquired a new stake in TXO Partners during the fourth quarter worth $2,685,000. Energy Income Partners LLC raised its holdings in TXO Partners by 37.7% in the 1st quarter. Energy Income Partners LLC now owns 493,438 shares of the company’s stock valued at $8,857,000 after buying an additional 135,029 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of TXO Partners by 418.8% during the 4th 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 during the 4th quarter worth about $690,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other TXO Partners news, Director Luther King, Jr. sold 10,000 shares of TXO Partners stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $22.20, for a total transaction of $222,000.00. Following the completion of the sale, the director now owns 2,581,530 shares of the company’s stock, valued at approximately $57,309,966. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other TXO Partners news, major shareholder Global Endowment Management, L sold 51,752 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $18.39, for a total value of $951,719.28. Following the completion of the transaction, the insider now directly owns 1,120,778 shares of the company’s stock, valued at $20,611,107.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Luther King, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $22.20, for a total transaction of $222,000.00. Following the sale, the director now directly owns 2,581,530 shares in the company, valued at approximately $57,309,966. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,878 shares of company stock worth $2,583,684.

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 given a $0.65 dividend. 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 12.25%. This is an increase from TXO Partners’s previous quarterly dividend of $0.58. TXO Partners’s payout ratio is presently -44.44%.

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.