TXO Partners FY2024 EPS Reduced by Capital One Financial

TXO Partners, L.P. (NYSE:TXO - Free Report) - Capital One Financial decreased their FY2024 earnings per share (EPS) estimates for shares of TXO Partners in a report released 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 $0.79 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 Price Performance

Shares of TXO Partners stock traded down $0.70 during trading on Friday, hitting $18.31. The stock had a trading volume of 61,700 shares, compared to its average volume of 68,539. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. TXO Partners has a 12 month low of $17.20 and a 12 month high of $23.56. The firm has a market cap of $749.06 million, a price-to-earnings ratio of -3.08 and a beta of 0.11. The business's 50-day moving average is $18.90 and its 200 day moving average is $19.16.

Institutional Trading of TXO Partners

A number of large investors have recently modified their holdings of TXO. American Century Companies Inc. grew its position in TXO Partners by 1,127.0% in the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company's stock worth $20,682,000 after acquiring an additional 942,295 shares in the last quarter. Energy Income Partners LLC boosted its holdings in shares of TXO Partners by 37.7% in the 1st quarter. Energy Income Partners LLC now owns 493,438 shares of the company's stock worth $8,857,000 after purchasing an additional 135,029 shares in the last quarter. Clear Street Derivatives LLC bought a new position in shares of TXO Partners during the 3rd quarter valued at about $8,059,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of TXO Partners by 7.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 291,061 shares of the company's stock valued at $5,757,000 after buying an additional 19,241 shares in the last quarter. Finally, Raymond James & Associates lifted its position 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 buying an additional 70,918 shares during the last quarter. Institutional investors own 27.44% of the company's stock.

TXO Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 15th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.32 annualized dividend and a dividend yield of 12.67%. This is a boost from TXO Partners's previous quarterly dividend of $0.57. TXO Partners's dividend payout ratio (DPR) 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.