Q4 EPS Estimates for TXO Partners Lowered by Analyst

TXO Partners, L.P. (NYSE:TXO - Free Report) - Capital One Financial reduced their Q4 2024 earnings estimates for shares of TXO Partners in a research report issued to clients and investors on Wednesday, January 22nd. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.27 per share for the quarter, down from their prior estimate of $0.28. The consensus estimate for TXO Partners' current full-year earnings is $0.76 per share. Capital One Financial also issued estimates for TXO Partners' Q1 2025 earnings at $0.34 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.38 EPS, FY2025 earnings at $1.46 EPS and FY2026 earnings at $1.41 EPS.

TXO Partners (NYSE:TXO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. The firm had revenue of $68.73 million for the quarter, compared to the consensus estimate of $64.60 million.

TXO Partners Trading Down 1.1 %

Shares of TXO Partners stock traded down $0.22 on Friday, hitting $19.15. 125,600 shares of the company's stock traded hands, compared to its average volume of 119,367. The company has a market capitalization of $783.22 million, a price-to-earnings ratio of -3.22 and a beta of 0.15. The company has a fifty day moving average of $17.65 and a two-hundred day moving average of $17.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. TXO Partners has a one year low of $15.22 and a one year high of $23.56.

Institutional Investors Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently made changes to their positions in TXO. CWA Asset Management Group LLC purchased a new position in TXO Partners during the 4th quarter worth $654,000. Merit Financial Group LLC purchased a new position in TXO Partners during the fourth quarter worth about $505,000. Glenmede Trust Co. NA grew its position in TXO Partners by 13.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 47,678 shares of the company's stock worth $943,000 after purchasing an additional 5,831 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in TXO Partners in the 3rd quarter valued at about $559,000. Finally, PFG Investments LLC bought a new position in shares of TXO Partners during the 3rd quarter worth approximately $639,000. 27.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Keith A. Hutton acquired 60,000 shares of TXO Partners stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of $16.04 per share, with a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Adams III bought 14,000 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $16.93 per share, for a total transaction of $237,020.00. Following the completion of the acquisition, the director now owns 92,784 shares in the company, valued at $1,570,833.12. This represents a 17.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 75,500 shares of company stock valued at $1,223,690 over the last ninety days.

TXO Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 12.12%. The ex-dividend date was Friday, November 15th. This is an increase from TXO Partners's previous quarterly dividend of $0.57. TXO Partners's payout ratio is presently -39.06%.

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.