Capital One Financial Estimates TXO Partners FY2024 Earnings

TXO Partners, L.P. (NYSE:TXO) – Stock analysts at Capital One Financial dropped their FY2024 EPS estimates for TXO Partners in a research note issued on Wednesday, November 13th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $0.81 per share for the year, down from their prior estimate 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 3.7 %

Shares of NYSE TXO opened at $18.31 on Friday. TXO Partners has a 1 year low of $17.20 and a 1 year high of $23.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $749.06 million, a PE ratio of -3.08 and a beta of 0.11. The company has a 50 day simple moving average of $18.90 and a 200 day simple moving average of $19.16.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 12.67%. This is an increase from TXO Partners’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, November 15th. TXO Partners’s dividend payout ratio (DPR) is -38.38%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Clear Street Derivatives LLC bought a new position in shares of TXO Partners in the 3rd quarter worth about $8,059,000. Pin Oak Investment Advisors Inc. grew its stake in TXO Partners by 7.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company’s stock worth $5,757,000 after purchasing an additional 19,241 shares during the period. Glenmede Trust Co. NA grew its stake in TXO Partners by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company’s stock worth $943,000 after purchasing an additional 5,831 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in TXO Partners in the third quarter worth approximately $559,000. Finally, PFG Investments LLC acquired a new position in TXO Partners in the third quarter valued at approximately $639,000. 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.