TXO Partners, L.P. (NYSE:TXO) Forecasted to Earn Q3 2024 Earnings of $0.29 Per Share

TXO Partners, L.P. (NYSE:TXO) – Analysts at Capital One Financial dropped their Q3 2024 EPS estimates for shares of TXO Partners in a research report issued on Friday, March 22nd. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.29 per share for the quarter, down from their prior estimate of $0.34. The consensus estimate for TXO Partners’ current full-year earnings is $1.15 per share. Capital One Financial also issued estimates for TXO Partners’ Q4 2024 earnings at $0.31 EPS and FY2025 earnings at $1.74 EPS.

Other equities analysts have also issued research reports about the stock. Raymond James decreased their price target on shares of TXO Partners from $30.00 to $26.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Stifel Nicolaus decreased their price target on shares of TXO Partners from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd.

TXO Partners Price Performance

Shares of NYSE:TXO opened at $17.69 on Monday. The business has a fifty day moving average of $18.10. The company has a market cap of $543.97 million, a price-to-earnings ratio of -5.33 and a beta of -0.14. TXO Partners has a one year low of $17.20 and a one year high of $24.99. 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 (NYSE:TXO) last posted its earnings results on Tuesday, March 5th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.72. The business had revenue of $91.97 million for the quarter, compared to analyst estimates of $70.76 million. TXO Partners had a negative net margin of 27.31% and a positive return on equity of 6.89%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Venturi Wealth Management LLC grew its stake 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 worth $47,000 after purchasing an additional 900 shares during the last quarter. UBS Group AG bought a new stake in shares of TXO Partners in the third quarter worth about $51,000. Brown Brothers Harriman & Co. bought a new stake in shares of TXO Partners in the fourth quarter worth about $183,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of TXO Partners in the third quarter worth about $206,000. Finally, GSA Capital Partners LLP bought a new stake in shares of TXO Partners in the fourth quarter worth about $222,000. Hedge funds and other institutional investors own 17.05% of the company’s stock.

TXO Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be issued a $0.58 dividend. The ex-dividend date is Thursday, March 14th. This represents a $2.32 annualized dividend and a dividend yield of 13.11%. This is an increase from TXO Partners’s previous quarterly dividend of $0.52. TXO Partners’s payout ratio is currently -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.