Capital One Financial Forecasts TXO Partners FY2024 Earnings

TXO Partners, L.P. (NYSE:TXO) – Investment analysts at Capital One Financial cut their FY2024 EPS estimates for shares of TXO Partners in a research report issued on Wednesday, November 13th. Capital One Financial analyst P. Johnston now anticipates that the company will earn $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 Performance

Shares of TXO opened at $18.31 on Friday. TXO Partners has a 52-week low of $17.20 and a 52-week high of $23.56. The stock’s 50-day simple moving average is $18.90 and its 200 day simple moving average is $19.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $749.06 million, a price-to-earnings ratio of -3.08 and a beta of 0.11.

Hedge Funds Weigh In On TXO Partners

Hedge funds have recently made changes to their positions in the business. Raymond James & Associates boosted its holdings in TXO Partners by 43.4% in the 2nd quarter. Raymond James & Associates now owns 234,488 shares of the company’s stock worth $4,727,000 after acquiring an additional 70,918 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of TXO Partners during the third quarter valued at about $559,000. PFG Investments LLC purchased a new stake in shares of TXO Partners during the third quarter worth about $639,000. Hsbc Holdings PLC lifted its stake in shares of TXO Partners by 89.6% in the second quarter. Hsbc Holdings PLC now owns 150,000 shares of the company’s stock worth $3,020,000 after acquiring an additional 70,871 shares in the last quarter. Finally, Westwood Holdings Group Inc. acquired a new stake in TXO Partners during the 2nd quarter valued at approximately $4,032,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

TXO Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.58 per share. 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. This represents a $2.32 annualized dividend and a yield of 12.67%. TXO Partners’s dividend payout ratio is currently -38.38%.

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.