Texas Pacific Land Corporation $TPL Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group cut its Texas Pacific Land stake by 3.1% in the third quarter, selling 3,879 shares. It retained 121,700 shares valued at about $39.7 million; institutional investors own nearly 60% of TPL.
• Texas Pacific Land beat third-quarter estimates, reporting $2.42 per share in earnings and $273.4 million in revenue, above analyst forecasts. Despite the results, the stock has fallen sharply and was down 14% in the period described.
• Analysts’ average rating is “Moderate Buy,” with a consensus price target of $639. The company also announced a quarterly dividend of $0.60 per share, equivalent to a 0.8% annualized yield.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,700 shares of the financial services provider's stock after selling 3,879 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.18% of Texas Pacific Land worth $39,654,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TPL. Cherry Tree Wealth Management LLC acquired a new stake in shares of Texas Pacific Land during the second quarter worth $31,000. Global Retirement Partners LLC acquired a new position in Texas Pacific Land in the second quarter valued at about $41,000. IFP Advisors Inc increased its position in shares of Texas Pacific Land by 40.8% during the second quarter. IFP Advisors Inc now owns 138 shares of the financial services provider's stock worth $60,000 after acquiring an additional 40 shares during the period. Quantbot Technologies LP acquired a new position in shares of Texas Pacific Land during the second quarter worth $67,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of Texas Pacific Land during the 1st quarter worth approximately $83,000. 59.94% of the stock is currently owned by institutional investors.

Key Texas Pacific Land News

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

• Positive Sentiment: Third-quarter earnings were $2.42 per share, above analysts’ estimates of $2.33–$2.35 and up from $1.76 a year earlier. Revenue reached $273.4 million, topping the $251 million estimate. Article: Texas Pacific Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Coverage characterized the quarter as a record, citing stronger gas realizations as a revenue driver—potentially supportive of investor confidence in the company’s land and resource-related business. Article: Texas Pacific Land Q3 2026: Record Revenue on Gas Realization Surge
• Negative Sentiment: Shares weakened despite the earnings beat, and one report noted the stock remained down for the month. The available coverage does not specify what drove the pullback, so the results alone do not explain the market’s reaction. Article: Texas Pacific Land Posts Record Q3 Results, Stock Still Down for Month

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research raised Texas Pacific Land from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Texas Pacific Land from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $639.00.

Texas Pacific Land Trading Down 14.0%

NYSE:TPL opened at $285.49 on Thursday. The stock has a 50-day moving average price of $349.72 and a two-hundred day moving average price of $400.57. The stock has a market cap of $19.69 billion, a price-to-earnings ratio of 36.38 and a beta of 0.58. Texas Pacific Land Corporation has a 1 year low of $269.23 and a 1 year high of $547.20.

Texas Pacific Land (NYSE:TPL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.09. The company had revenue of $273.40 million during the quarter, compared to analysts' expectations of $251.00 million. Texas Pacific Land had a return on equity of 35.76% and a net margin of 60.32%. Sell-side analysts forecast that Texas Pacific Land Corporation will post 8.88 earnings per share for the current year.

Texas Pacific Land Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.40 annualized dividend and a yield of 0.8%. Texas Pacific Land's dividend payout ratio is currently 30.57%.

About Texas Pacific Land

Texas Pacific Land Corporation NYSE: TPL is a land and resource management company focused on properties in West Texas, particularly the Permian Basin. The company owns approximately 850,000 acres of land and holds extensive oil and gas royalty interests, making it a significant participant in the region's energy development.

Texas Pacific Land generates revenue through royalties on oil and natural gas produced from its acreage, as well as from land sales, easements, leases and other surface-related activities.

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