TXO Partners L.P. (NYSE:TXO – Free Report) – Research analysts at Capital One Financial increased their Q3 2023 EPS estimates for TXO Partners in a report issued on Monday, October 16th. Capital One Financial analyst P. Johnston now anticipates that the company will earn $0.31 per share for the quarter, up from their prior estimate of $0.29. The consensus estimate for TXO Partners’ current full-year earnings is $0.59 per share. Capital One Financial also issued estimates for TXO Partners’ Q4 2023 earnings at $0.48 EPS, FY2023 earnings at $0.60 EPS, Q1 2024 earnings at $0.38 EPS, Q2 2024 earnings at $0.39 EPS, Q3 2024 earnings at $0.58 EPS and Q4 2024 earnings at $0.59 EPS.
TXO Partners (NYSE:TXO – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.16). The company had revenue of $60.47 million for the quarter, compared to analyst estimates of $66.06 million.
Get Our Latest Stock Analysis on TXO Partners
TXO Partners Trading Up 1.7 %
Shares of NYSE TXO opened at $20.35 on Wednesday. The company has a 50 day simple moving average of $20.33 and a 200 day simple moving average of $21.09. TXO Partners has a 1 year low of $18.71 and a 1 year high of $25.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC bought a new position in TXO Partners during the 2nd quarter worth approximately $30,000. Worth Asset Management LLC acquired a new stake in shares of TXO Partners during the 2nd quarter worth approximately $31,000. HighTower Advisors LLC acquired a new stake in shares of TXO Partners during the 1st quarter worth approximately $251,000. Royal Bank of Canada grew its position in shares of TXO Partners by 125.5% during the 2nd quarter. Royal Bank of Canada now owns 16,000 shares of the company’s stock worth $346,000 after buying an additional 8,906 shares during the period. Finally, HRT Financial LP acquired a new stake in shares of TXO Partners during the 1st quarter worth approximately $375,000. Institutional investors own 17.05% of the company’s stock.
TXO Partners Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 18th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, August 17th. This represents a $1.92 annualized dividend and a yield of 9.43%.
About TXO Partners
TXO Partners L.P. 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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