TXO Partners FY2024 EPS Reduced by Capital One Financial

TXO Partners, L.P. (NYSE:TXO) – Research analysts at Capital One Financial decreased their FY2024 earnings per share estimates for TXO Partners in a report issued on Wednesday, November 13th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $0.81 for the year, down from their previous 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 Trading Down 3.7 %

TXO Partners stock opened at $18.31 on Friday. The company has a 50 day moving average price of $18.90 and a 200 day moving average price of $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. TXO Partners has a 52 week low of $17.20 and a 52 week high of $23.56. The firm has a market capitalization of $749.06 million, a price-to-earnings ratio of -3.08 and a beta of 0.11.

Institutional Inflows and Outflows

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

TXO Partners Increases Dividend

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