Should I buy or sell Texas Pacific Land stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TPL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPL, but not buy additional shares or sell existing shares. View TPL analyst ratings or view top-rated stocks .

What is Texas Pacific Land's stock price target for 2024?

1 brokerages have issued 12 month price objectives for Texas Pacific Land's shares. Their TPL share price targets range from $1,558.00 to $1,558.00. On average, they predict the company's share price to reach $1,558.00 in the next year. This suggests a possible upside of 4.6% from the stock's current price. View analysts price targets for TPL or view top-rated stocks among Wall Street analysts .

How have TPL shares performed in 2023?

Texas Pacific Land's stock was trading at $2,344.23 at the start of the year. Since then, TPL shares have decreased by 36.5% and is now trading at $1,489.22. View the best growth stocks for 2023 here .

When is Texas Pacific Land's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our TPL earnings forecast .

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) released its quarterly earnings results on Wednesday, November, 1st. The financial services provider reported $13.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $14.52 by $0.78. The financial services provider had revenue of $157.97 million for the quarter, compared to the consensus estimate of $173.84 million. Texas Pacific Land had a trailing twelve-month return on equity of 45.43% and a net margin of 63.51%.

How often does Texas Pacific Land pay dividends? What is the dividend yield for Texas Pacific Land?

Texas Pacific Land declared a quarterly dividend on Tuesday, October 31st. Shareholders of record on Friday, December 1st will be paid a dividend of $3.25 per share on Friday, December 15th. This represents a $13.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 30th. Read our dividend analysis for TPL .

Is Texas Pacific Land a good dividend stock?

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $13.00 per share and currently has a dividend yield of 0.74%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 20.28% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TPL .

What ETFs hold Texas Pacific Land's stock?

ETFs with the largest weight of Texas Pacific Land (NYSE:TPL) stock in their portfolio include Horizon Kinetics Inflation Beneficiaries ETF (INFL) , Formidable Fortress ETF (KONG) , Invesco Dorsey Wright Energy Momentum ETF (PXI) , Horizon Kinetics Energy and Remediation ETF (NVIR) , SPDR S&P Oil & Gas Exploration & Production ETF (XOP) , Amplify Inflation Fighter ETF (IWIN) , Global X Guru Index ETF (GURU) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO) .

What other stocks do shareholders of Texas Pacific Land own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Texas Pacific Land investors own include NVIDIA (NVDA) , Walt Disney (DIS) , Adobe (ADBE) , Mastercard (MA) , QUALCOMM (QCOM) , Visa (V) , Alibaba Group (BABA) , Costco Wholesale (COST) , Salesforce (CRM) and Johnson & Johnson (JNJ) .

Who are Texas Pacific Land's major shareholders?

Texas Pacific Land's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (1.00%), Schwartz Investment Counsel Inc. (0.86%), Northern Trust Corp (0.60%), York GP Ltd. (0.55%), Legal & General Group Plc (0.55%) and Charles Schwab Investment Management Inc. (0.53%). Insiders that own company stock include Dana F Mcginnis, Donald G Cook , Kinetics Asset Managem Horizon, Micheal W Dobbs , Murray Stahl and Tyler Glover . View institutional ownership trends .

How do I buy shares of Texas Pacific Land?

Shares of TPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Texas Pacific Land Stock Price, News & Analysis (NYSE:TPL)

$1,516.00

+30.32 (+2.04%)

(As of 11:34 AM ET)

Compare

Today's Range: $1,498.00
▼
$1,516.84
50-Day Range: $1,487.80
▼
$1,978.32
52-Week Range: $1,266.21
▼
$2,659.43

Volume: 9,910 shs
Average Volume: 37,853 shs
Market Capitalization: $11.64 billion

P/E Ratio: 29.74
Dividend Yield: 0.86%
Price Target: $1,558.00

Texas Pacific Land MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 4.6% Upside
$1,558.00 Price Target
Short Interest: Bearish
3.55% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.71
Based on 9 Articles This Week
Insider Trading: Acquiring Shares
$192,692 Bought Last Quarter
Proj. Earnings Growth: 26.93%
From $50.50 to $64.10 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Oils/Energy Sector

114th out of 204 stocks

Oil Royalty Traders Industry

1st out of 2 stocks

1.0

Analyst's Opinion

Consensus Rating
Texas Pacific Land has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1,558.00, Texas Pacific Land has a forecasted upside of 4.6% from its current price of $1,489.22.
Amount of Analyst Coverage
Texas Pacific Land has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.55% of the float of Texas Pacific Land has been sold short.
Short Interest Ratio / Days to Cover
Texas Pacific Land has a short interest ratio ("days to cover") of 7.2.
Change versus previous month
Short interest in Texas Pacific Land has recently increased by 1.38%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Texas Pacific Land has a dividend yield of 0.74%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Texas Pacific Land has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Texas Pacific Land is 25.51%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Texas Pacific Land will have a dividend payout ratio of 20.28% next year. This indicates that Texas Pacific Land will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TPL.

2.6

News and Social Media Coverage

News Sentiment
Texas Pacific Land has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Texas Pacific Land this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for TPL on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
Only 65 people have added Texas Pacific Land to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Texas Pacific Land insiders have bought 4.06% more of their company's stock than they have sold. Specifically, they have bought $192,692.00 in company stock and sold $185,177.00 in company stock.
Percentage Held by Insiders
20.04% of the stock of Texas Pacific Land is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
60.40% of the stock of Texas Pacific Land is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Texas Pacific Land are expected to grow by 26.93% in the coming year, from $50.50 to $64.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Texas Pacific Land is 29.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Texas Pacific Land is 29.22, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.95.
Price to Book Value per Share Ratio
Texas Pacific Land has a P/B Ratio of 14.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Texas Pacific Land Stock (NYSE:TPL)

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages surface acres of land. This segment also holds own a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres located in the western part of Texas. In addition, this segment engages in easements and commercial leases activities, such as oil, gas and related hydrocarbons, power line and utility easements, and subsurface wellbore easements. Further, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche. Its Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. This segment also holds royalties for water sourced from its land. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.

TPL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TPL Stock News Headlines

December 4, 2023 | finance.yahoo.com

Delaware Court of Chancery Rules in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders’ Agreement

December 3, 2023 | americanbankingnews.com

Texas Pacific Land (NYSE:TPL) PT Lowered to $1,558.00 at Stifel Nicolaus

December 7, 2023 | DTI Trader (Ad)

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November 26, 2023 | seekingalpha.com

Texas Pacific Land: 'Buy Land, They're Not Making It Anymore'

November 22, 2023 | seekingalpha.com

Texas Pacific Land: Owning Dirt In The Permian

November 20, 2023 | finance.yahoo.com

Director Rhys Best's Recent Insider Purchase of Texas Pacific Land Corp Shares

November 3, 2023 | finance.yahoo.com

Texas Pacific Land Corporation (NYSE:TPL) Q3 2023 Earnings Call Transcript

November 2, 2023 | finance.yahoo.com

Is Texas Pacific Land Corporation's (NYSE:TPL) Recent Stock Performance Tethered To Its Strong Fundamentals?

December 7, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

November 1, 2023 | msn.com

Texas Pacific Land declares $3.25 dividend

November 1, 2023 | finance.yahoo.com

Texas Pacific Land Corporation Announces Third Quarter 2023 Results

November 1, 2023 | finance.yahoo.com

Texas Pacific Land Corp (TPL) Reports Q3 2023 Earnings: Net Income Drops to $105.6 Million

October 31, 2023 | msn.com

Permian Basin energy companies focusing on carbon capture during region's growth

October 30, 2023 | finance.yahoo.com

Texas Pacific Land (TPL) to Post Q3 Earnings: What to Expect?

October 25, 2023 | finance.yahoo.com

Earnings Preview: Texas Pacific (TPL) Q3 Earnings Expected to Decline

October 23, 2023 | finance.yahoo.com

Texas Pacific Land Corporation (TPL) Contributed to Wedgewood Partners’ Performance in Q3

October 11, 2023 | finance.yahoo.com

Texas Pacific Land Corporation Sets Dates for Third Quarter 2023 Earnings Release and Conference Call

October 5, 2023 | finance.yahoo.com

Texas Pacific Land's (NYSE:TPL) three-year total shareholder returns outpace the underlying earnings growth

October 4, 2023 | finance.yahoo.com

2 Top Dividend Stocks I Can't Wait to Buy in October

September 22, 2023 | seekingalpha.com

Texas Pacific Land's Management Issues Coming To An End

September 15, 2023 | finance.yahoo.com

Director Murray Stahl Buys 20 Shares of Texas Pacific Land Corp

September 14, 2023 | finance.yahoo.com

Director Murray Stahl Buys Shares of Texas Pacific Land Corp

September 13, 2023 | finance.yahoo.com

Why Texas Pacific Land Corp's Stock Skyrocketed 32% in a Quarter: A Deep Dive

September 6, 2023 | benzinga.com

The Bull Case For Texas Pacific Land

August 15, 2023 | finance.yahoo.com

Murray Stahl's Q2 2023 13F Filing Update: Key Trades and Portfolio Overview

August 5, 2023 | finance.yahoo.com

Texas Pacific Land Corporation (NYSE:TPL) Q2 2023 Earnings Call Transcript

August 3, 2023 | uk.news.yahoo.com

Texas Pacific (TPL) Surpasses Q2 Earnings and Revenue Estimates

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Last Earnings: 11/01/2023
Ex-Dividend for 12/15 Dividend: 11/30/2023
Today: 12/07/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Oil royalty traders
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:TPL
CUSIP: N/A
CIK: 97517
Web: www.tpltrust.com
Phone: (214) 969-5530
Fax: 214-969-5530
Employees: 99
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $1,558.00
High Stock Price Target: $1,558.00
Low Stock Price Target: $1,558.00
Potential Upside/Downside: +2.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $50.97
Trailing P/E Ratio: 29.74
Forward P/E Ratio: 30.02
P/E Growth: N/A
Net Income: $446.36 million
Net Margins: 63.51%
Pretax Margin: 81.05%
Return on Equity: 45.43%
Return on Assets: 40.10%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 25.47
Quick Ratio: 25.47

Sales & Book Value

Annual Sales: $617.64 million
Price / Sales: 18.84
Cash Flow: $52.02 per share
Price / Cash Flow: 29.14
Book Value: $100.32 per share
Price / Book: 15.11

Miscellaneous

Outstanding Shares: 7,675,000
Free Float: 6,137,000
Market Cap: $11.64 billion
Optionable: Not Optionable
Beta: 1.65

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Key Executives

Mr. Tyler Glover (Age 38)
President, CEO & Trustee
Comp: $2.52M
Mr. Chris Steddum (Age 42)
Chief Financial Officer
Comp: $1.24M
Mr. Micheal W. Dobbs (Age 49)
Senior VP, Secretary & General Counsel
Comp: $943k
Ms. Stephanie D. Buffington (Age 56)
Chief Accounting Officer
Shawn Amini
Vice President of Finance & Investor Relations
Mr. Robert A. Crain (Age 43)
Executive Vice President of Texas Pacific Water Resources LLC

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TPL Stock Analysis - Frequently Asked Questions

Should I buy or sell Texas Pacific Land stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TPL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPL, but not buy additional shares or sell existing shares.
View TPL analyst ratings or view top-rated stocks.
What is Texas Pacific Land's stock price target for 2024?: 1 brokerages have issued 12 month price objectives for Texas Pacific Land's shares. Their TPL share price targets range from $1,558.00 to $1,558.00. On average, they predict the company's share price to reach $1,558.00 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
View analysts price targets for TPL or view top-rated stocks among Wall Street analysts.
How have TPL shares performed in 2023?: Texas Pacific Land's stock was trading at $2,344.23 at the start of the year. Since then, TPL shares have decreased by 36.5% and is now trading at $1,489.22.
View the best growth stocks for 2023 here.
When is Texas Pacific Land's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our TPL earnings forecast.
How were Texas Pacific Land's earnings last quarter?: Texas Pacific Land Co. (NYSE:TPL) released its quarterly earnings results on Wednesday, November, 1st. The financial services provider reported $13.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $14.52 by $0.78. The financial services provider had revenue of $157.97 million for the quarter, compared to the consensus estimate of $173.84 million. Texas Pacific Land had a trailing twelve-month return on equity of 45.43% and a net margin of 63.51%.
How often does Texas Pacific Land pay dividends? What is the dividend yield for Texas Pacific Land?: Texas Pacific Land declared a quarterly dividend on Tuesday, October 31st. Shareholders of record on Friday, December 1st will be paid a dividend of $3.25 per share on Friday, December 15th. This represents a $13.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for TPL.

Is Texas Pacific Land a good dividend stock?: Texas Pacific Land (NYSE:TPL) pays an annual dividend of $13.00 per share and currently has a dividend yield of 0.74%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 20.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPL.
What ETFs hold Texas Pacific Land's stock?: ETFs with the largest weight of Texas Pacific Land (NYSE:TPL) stock in their portfolio include Horizon Kinetics Inflation Beneficiaries ETF (INFL), Formidable Fortress ETF (KONG), Invesco Dorsey Wright Energy Momentum ETF (PXI), Horizon Kinetics Energy and Remediation ETF (NVIR), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Amplify Inflation Fighter ETF (IWIN), Global X Guru Index ETF (GURU) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
What other stocks do shareholders of Texas Pacific Land own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Texas Pacific Land investors own include NVIDIA (NVDA), Walt Disney (DIS), Adobe (ADBE), Mastercard (MA), QUALCOMM (QCOM), Visa (V), Alibaba Group (BABA), Costco Wholesale (COST), Salesforce (CRM) and Johnson & Johnson (JNJ).
Who are Texas Pacific Land's major shareholders?: Texas Pacific Land's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (1.00%), Schwartz Investment Counsel Inc. (0.86%), Northern Trust Corp (0.60%), York GP Ltd. (0.55%), Legal & General Group Plc (0.55%) and Charles Schwab Investment Management Inc. (0.53%). Insiders that own company stock include Dana F Mcginnis, Donald G Cook, Kinetics Asset Managem Horizon, Micheal W Dobbs, Murray Stahl and Tyler Glover.
View institutional ownership trends.
How do I buy shares of Texas Pacific Land?: Shares of TPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:TPL) was last updated on 12/7/2023 by MarketBeat.com Staff

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