Texas Pacific Land - TPL Stock Forecast, Price & News

Texas Pacific Land's stock was trading at $2,344.23 at the beginning of the year. Since then, TPL shares have decreased by 18.9% and is now trading at $1,900.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our TPL earnings forecast.

Texas Pacific Land will be holding an earnings conference call on Thursday, February 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13734727".

Texas Pacific Land Co. (NYSE:TPL) issued its quarterly earnings data on Thursday, November, 4th. The financial services provider reported $10.82 earnings per share for the quarter, beating analysts' consensus estimates of $8.83 by $1.99. The financial services provider earned $123.69 million during the quarter, compared to analyst estimates of $106.25 million. During the same period in the prior year, the company posted $5.97 EPS.

Texas Pacific Land declared a quarterly dividend on Tuesday, November 1st. Investors of record on Thursday, December 8th will be paid a dividend of $3.00 per share on Thursday, December 15th. This represents a $12.00 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, December 7th.
Read our dividend analysis for TPL.

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $12.00 per share and currently has a dividend yield of 0.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 18.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPL.

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).

Texas Pacific Land trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPL."

Texas Pacific Land's stock is owned by a variety of retail and institutional investors. Top institutional investors include Lion Long Term Partners LP (0.66%), Mad River Investors (0.59%), Hodges Capital Management Inc. (0.37%), Lawson Kroeker Investment Management Inc. NE (0.25%), Sumitomo Mitsui Trust Holdings Inc. (0.21%) and Cortland Associates Inc. MO (0.20%). Insiders that own company stock include Dana F Mcginnis, Kinetics Asset Managem Horizon, Murray Stahl and Tyler Glover.
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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.
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One share of TPL stock can currently be purchased for approximately $1,900.00.

Texas Pacific Land (NYSE:TPL) has a market capitalization of $14.63 billion and generates $450.96 million in revenue each year. The financial services provider earns $269.98 million in net income (profit) each year or $55.04 on an earnings per share basis.

Texas Pacific Land's mailing address is 1700 PACIFIC AVENUE SUITE 2900, DALLAS TX, 75201. The official website for the company is www.tpltrust.com. The financial services provider can be reached via phone at (214) 969-5530 or via fax at 214-969-5530.