Q3 EPS Estimates for TXO Partners Lowered by Analyst

TXO Partners, L.P. (NYSE:TXO - Free Report) - Research analysts at Capital One Financial cut their Q3 2024 EPS estimates for shares of TXO Partners in a note issued to investors on Wednesday, October 16th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.12. The consensus estimate for TXO Partners' current full-year earnings is $0.88 per share.

TXO Partners (NYSE:TXO - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.10). The business had revenue of $57.31 million during the quarter, compared to analyst estimates of $63.77 million. TXO Partners had a negative net margin of 60.08% and a positive return on equity of 9.33%.

TXO Partners Price Performance

NYSE TXO traded down $0.03 during midday trading on Monday, hitting $18.98. The company had a trading volume of 39,600 shares, compared to its average volume of 67,554. The firm has a 50-day moving average price of $19.14 and a 200-day moving average price of $19.54. The company has a market capitalization of $729.02 million, a PE ratio of -3.34 and a beta of 0.05. The company has a current ratio of 3.27, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01. TXO Partners has a twelve month low of $17.20 and a twelve month high of $23.56.

Institutional Investors Weigh In On TXO Partners

Large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of TXO Partners by 1,127.0% during the 2nd 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 during the period. Westwood Holdings Group Inc. bought a new stake in TXO Partners during the second quarter worth $4,032,000. 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 valued at $8,857,000 after purchasing an additional 135,029 shares in the last quarter. Sei Investments Co. bought a new position in shares of TXO Partners in the 2nd quarter valued at $2,126,000. Finally, Raymond James & Associates raised its holdings in shares of TXO Partners by 43.4% during 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 in the last quarter. 27.44% of the stock is currently owned by institutional investors and hedge funds.

TXO Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend was Tuesday, August 20th. TXO Partners's dividend payout ratio (DPR) is presently -40.14%.

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.