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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
0.71mentions of Texas Pacific Land in the last 14 days
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


TPL stock logo

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

TPL Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Texas Pacific Land: Owning Dirt In The Permian
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Texas Pacific Land declares $3.25 dividend
2 Top Dividend Stocks I Can't Wait to Buy in October
Texas Pacific Land's Management Issues Coming To An End
Director Murray Stahl Buys Shares of Texas Pacific Land Corp
The Bull Case For Texas Pacific Land
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

Industry, Sector and Symbol

Industry
Oil royalty traders
Sub-Industry
N/A
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

Net Income
$446.36 million
Pretax Margin
81.05%

Debt

Sales & Book Value

Annual Sales
$617.64 million
Cash Flow
$52.02 per share
Book Value
$100.32 per share

Miscellaneous

Free Float
6,137,000
Market Cap
$11.64 billion
Optionable
Not Optionable
Beta
1.65

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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 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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