Capital One Financial Brokers Increase Earnings Estimates for TXO Partners, L.P. (NYSE:TXO)
TXO Partners, L.P. (NYSE:TXO – Free Report) – Analysts at Capital One Financial lifted their Q3 2024 earnings estimates for shares of TXO Partners in a research note issued on Wednesday, April 3rd. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $0.39 for the quarter, up from their prior forecast of $0.29. The consensus estimate for TXO Partners’ current full-year earnings is $1.23 per share. Capital One Financial also issued estimates for TXO Partners’ Q4 2024 earnings at $0.41 EPS, FY2024 earnings at $1.38 EPS and FY2025 earnings at $2.12 EPS.
Other analysts also recently issued reports about the company. Stifel Nicolaus decreased their target price on TXO Partners from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Raymond James decreased their price objective on shares of TXO Partners from $30.00 to $26.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th.
Read Our Latest Analysis on TXO
TXO Partners Price Performance
TXO opened at $18.27 on Monday. TXO Partners has a 1-year low of $17.20 and a 1-year high of $24.83. The firm has a market cap of $561.80 million, a PE ratio of -5.50 and a beta of -0.11. The stock has a 50 day moving average price of $18.06. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.06.
TXO Partners (NYSE:TXO – Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.72. TXO Partners had a negative net margin of 27.31% and a positive return on equity of 6.89%. The company had revenue of $91.97 million for the quarter, compared to analyst estimates of $70.76 million.
Hedge Funds Weigh In On TXO Partners
A number of institutional investors have recently made changes to their positions in TXO. King Luther Capital Management Corp boosted its stake in shares of TXO Partners by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 2,591,530 shares of the company’s stock valued at $47,114,000 after acquiring an additional 15,000 shares during the last quarter. Raymond James & Associates lifted its holdings in TXO Partners by 1.3% in the 3rd quarter. Raymond James & Associates now owns 259,653 shares of the company’s stock valued at $5,274,000 after purchasing an additional 3,331 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in TXO Partners in the 4th quarter valued at about $4,346,000. Nokomis Capital L.L.C. boosted its stake in shares of TXO Partners by 59.6% during the 4th quarter. Nokomis Capital L.L.C. now owns 153,950 shares of the company’s stock worth $2,799,000 after purchasing an additional 57,500 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of TXO Partners during the fourth quarter worth about $2,685,000. 27.44% of the stock is owned by institutional investors and hedge funds.
TXO Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.58 per share. This is an increase from TXO Partners’s previous quarterly dividend of $0.52. This represents a $2.32 annualized dividend and a dividend yield of 12.70%. The ex-dividend date of this dividend was Thursday, March 14th. TXO Partners’s payout ratio is currently -69.88%.
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.
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