Texas Pacific Land Corporation $TPL Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its TPL holdings by 143% in the first quarter, acquiring 155,781 additional shares for a total position of 264,740 shares valued at approximately $125.6 million.
• Texas Pacific Land reported second-quarter EPS of $2.23, beating estimates of $2.18, while revenue of $246.1 million fell short of expectations. The company also declared a quarterly dividend of $0.60 per share.
• TPL shares opened at $356.66, down 6.6%, amid concerns about elevated valuation, weaker water-sales revenue and sensitivity to commodity prices. CFO Chris Steddum also sold 3,170 shares under a pre-arranged trading plan.

Bank of America Corp DE lifted its holdings in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 143.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,740 shares of the financial services provider's stock after buying an additional 155,781 shares during the period. Bank of America Corp DE owned approximately 0.38% of Texas Pacific Land worth $125,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPL. Summit Securities Group LLC grew its holdings in Texas Pacific Land by 171.9% in the 4th quarter. Summit Securities Group LLC now owns 87 shares of the financial services provider's stock valued at $25,000 after buying an additional 55 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Texas Pacific Land by 185.3% during the 4th quarter. IFP Advisors Inc now owns 97 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 63 shares during the last quarter. Quarry LP acquired a new position in shares of Texas Pacific Land during the 3rd quarter valued at about $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of Texas Pacific Land in the fourth quarter valued at about $31,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Texas Pacific Land in the fourth quarter valued at about $31,000. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Texas Pacific Land

In related news, CFO Chris Steddum sold 3,170 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $400.25, for a total transaction of $1,268,792.50. Following the completion of the transaction, the chief financial officer owned 12,870 shares of the company's stock, valued at approximately $5,151,217.50. This trade represents a 19.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 6.90% of the company's stock.

Texas Pacific Land Trading Down 6.6%

Shares of NYSE:TPL opened at $356.66 on Friday. The business has a 50-day moving average price of $393.65 and a 200 day moving average price of $422.29. The company has a market capitalization of $24.60 billion, a price-to-earnings ratio of 45.45 and a beta of 0.60. Texas Pacific Land Corporation has a 12-month low of $269.23 and a 12-month high of $547.20.

Texas Pacific Land (NYSE:TPL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.05. Texas Pacific Land had a net margin of 60.32% and a return on equity of 37.06%. The firm had revenue of $246.10 million for the quarter, compared to analyst estimates of $249.50 million. As a group, equities research analysts predict that Texas Pacific Land Corporation will post 8.88 earnings per share for the current fiscal year.

Texas Pacific Land Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Pacific Land's payout ratio is 30.57%.

Trending Headlines about Texas Pacific Land

Here are the key news stories impacting Texas Pacific Land this week:

• Positive Sentiment: TPL reported record second-quarter revenue of $246.1 million, net income of $153.9 million and free cash flow of $155.5 million. Earnings of $2.23 per share exceeded the consensus estimate of $2.18 and rose from $1.68 a year earlier. Texas Pacific Land Corporation Announces Second Quarter Results
• Positive Sentiment: Oil and gas royalty revenue increased sequentially, supported by higher royalty production and stronger realized pricing. Management also highlighted a strategic growth pivot involving data centers, power generation and produced-water infrastructure. Texas Pacific Land Earnings Call Signals Growth Pivot
• Positive Sentiment: The company declared a quarterly dividend of $0.60 per share, payable September 15 to shareholders of record September 1, providing continued income support for investors. Texas Pacific Land Dividend and Results
• Neutral Sentiment: TPL is commissioning a produced-water desalination facility in Orla, Texas and made $110.2 million of land acquisitions tied to data-center and power-generation initiatives. These investments could diversify future revenue but may require substantial capital before producing meaningful returns. TPL Q2 2026 Earnings Call Transcript
• Negative Sentiment: Revenue fell short of the approximately $249.5 million analyst estimate, even though earnings beat expectations. Investors also noted that water-sales revenue declined to $39.7 million from $46.9 million in the prior quarter as volumes dropped. Texas Pacific Land Falls After Q2 Report
• Negative Sentiment: The sell-the-news reaction reflects elevated expectations for TPL’s premium-valued stock. Management cautioned that commodity prices and customers’ development decisions directly affect revenue, adding uncertainty to forward results.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TPL. Weiss Ratings restated a "hold (c+)" rating on shares of Texas Pacific Land in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Texas Pacific Land from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Texas Pacific Land has an average rating of "Hold" and an average price target of $639.00.

Texas Pacific Land Company Profile

Texas Pacific Land Corporation NYSE: TPL is a Texas-based land management company that derives revenue from the ownership and stewardship of large tracts of land and associated mineral rights in West Texas. The company's origins trace to 19th century land grants associated with the Texas and Pacific Railway; over time those grant holdings have been retained and managed as a standalone corporate asset base. Texas Pacific Land is publicly listed and operates as a landowner and resource manager rather than as a traditional oil and gas producer.

The company's primary activities include management of surface rights and leasing of land for energy and other commercial uses, administration of mineral royalty interests, and provision of water and related services to industrial customers.

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