Q4 EPS Estimates for TXO Partners Raised by Analyst

TXO Partners, L.P. (NYSE:TXO - Free Report) - Research analysts at Capital One Financial lifted their Q4 2024 earnings per share (EPS) estimates for TXO Partners in a report released on Wednesday, January 8th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.28 per share for the quarter, up from their previous estimate of $0.27. The consensus estimate for TXO Partners' current full-year earnings is $0.79 per share. Capital One Financial also issued estimates for TXO Partners' Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.58 EPS and FY2026 earnings at $1.53 EPS.

TXO Partners Stock Performance

Shares of TXO traded up $0.03 during mid-day trading on Monday, reaching $17.83. The company's stock had a trading volume of 59,110 shares, compared to its average volume of 70,086. 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 1-year low of $15.22 and a 1-year high of $23.56. The business has a 50-day simple moving average of $16.76 and a two-hundred day simple moving average of $17.88. The stock has a market cap of $729.48 million, a P/E ratio of -3.00 and a beta of 0.15.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were issued a $0.58 dividend. This is an increase from TXO Partners's previous quarterly dividend of $0.57. This represents a $2.32 annualized dividend and a dividend yield of 13.01%. The ex-dividend date was Friday, November 15th. TXO Partners's payout ratio is currently -39.06%.

Insider Transactions at TXO Partners

In other TXO Partners news, Director Keith A. Hutton purchased 60,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of $16.04 per share, for a total transaction of $962,400.00. Following the completion of the purchase, the director now owns 4,100,215 shares of the company's stock, valued at approximately $65,767,448.60. The trade was a 1.49 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Adams III purchased 14,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $16.93 per share, for a total transaction of $237,020.00. Following the completion of the transaction, the director now owns 92,784 shares of the company's stock, valued at $1,570,833.12. This trade represents a 17.77 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 75,500 shares of company stock worth $1,223,690.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TXO. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in TXO Partners during the third quarter worth approximately $84,000. Merit Financial Group LLC acquired a new stake in shares of TXO Partners during the 4th quarter worth $505,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of TXO Partners in the third quarter worth $559,000. PFG Investments LLC acquired a new position in TXO Partners in the third quarter valued at about $639,000. Finally, CWA Asset Management Group LLC bought a new stake in TXO Partners during the fourth quarter worth about $654,000. 27.44% of the stock is owned by institutional investors.

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.