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

TXO Partners, L.P. (NYSE:TXO - Free Report) - Analysts at Capital One Financial boosted their Q3 2024 earnings estimates for TXO Partners in a research report issued to clients and investors on Wednesday, April 3rd. Capital One Financial analyst P. Johnston now expects that the company will earn $0.39 per share for the quarter, up from their previous forecast of $0.29. The consensus estimate for TXO Partners' current full-year earnings is $1.23 per share. Capital One Financial also issued estimates for TXO Partners' Q4 2024 earnings at $0.41 EPS, FY2024 earnings at $1.38 EPS and FY2025 earnings at $2.12 EPS.

TXO Partners (NYSE:TXO - Get Free Report) last posted its earnings results on Tuesday, March 5th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.26 by $0.72. TXO Partners had a negative net margin of 27.31% and a positive return on equity of 6.89%. The firm had revenue of $91.97 million for the quarter, compared to the consensus estimate of $70.76 million.

A number of other equities research analysts have also recently issued reports on TXO. Stifel Nicolaus decreased their price target on shares of TXO Partners from $27.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, January 23rd. Raymond James reduced their target price on shares of TXO Partners from $30.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Wednesday, January 24th.

TXO Partners Stock Performance

TXO stock traded down $0.13 during mid-day trading on Monday, reaching $18.02. 18,600 shares of the stock traded hands, compared to its average volume of 40,539. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.06. TXO Partners has a 52 week low of $17.20 and a 52 week high of $24.83. The business has a 50-day moving average of $18.06 and a two-hundred day moving average of $18.30. The firm has a market capitalization of $554.12 million, a PE ratio of -5.43 and a beta of -0.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of TXO Partners during the third quarter worth approximately $206,000. Venturi Wealth Management LLC increased its holdings in shares of TXO Partners by 64.3% in the third quarter. Venturi Wealth Management LLC now owns 2,300 shares of the company's stock valued at $47,000 after purchasing an additional 900 shares in the last quarter. Raymond James & Associates increased its holdings in shares of TXO Partners by 1.3% in the third quarter. Raymond James & Associates now owns 259,653 shares of the company's stock valued at $5,274,000 after purchasing an additional 3,331 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of TXO Partners in the first quarter valued at approximately $251,000. Finally, UBS Group AG increased its holdings in shares of TXO Partners by 401.3% in the fourth quarter. UBS Group AG now owns 12,557 shares of the company's stock valued at $228,000 after purchasing an additional 10,052 shares in the last quarter. Institutional investors own 27.44% of the company's stock.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 12.87%. The ex-dividend date was Thursday, March 14th. This is a boost from TXO Partners's previous quarterly dividend of $0.52. TXO Partners's dividend payout ratio (DPR) is presently -69.88%.

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.