S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
Stock market today: Japan's Nikkei tops 40,000, as investors await China political meeting
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
Stock market today: Japan's Nikkei tops 40,000, as investors await China political meeting
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
Stock market today: Japan's Nikkei tops 40,000, as investors await China political meeting
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
Stock market today: Japan's Nikkei tops 40,000, as investors await China political meeting
NYSE:TPL

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

$1,565.72
-9.70 (-0.62%)
(As of 03/1/2024 ET)
Today's Range
$1,558.59
$1,586.26
50-Day Range
$1,413.16
$1,642.89
52-Week Range
$1,266.21
$2,000.00
Volume
20,129 shs
Average Volume
23,628 shs
Market Capitalization
$12.01 billion
P/E Ratio
29.68
Dividend Yield
0.89%
Price Target
$1,414.00

Texas Pacific Land MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.7% Downside
$1,414.00 Price Target
Short Interest
Bearish
3.61% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.26mentions of Texas Pacific Land in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$184,953 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.89 out of 5 stars

Oils/Energy Sector

213th out of 234 stocks

Oil Royalty Traders Industry

1st out of 3 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Should You Hold Texas Pacific Land Corporation (TPL)?
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Texas Pacific Land Corporation (TPL)
Texas Pacific Land: Owning Dirt In The Permian
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Ex-Dividend for 3/15 Dividend
2/29/2024
Today
3/03/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

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
$1,414.00
High Stock Price Target
$1,414.00
Low Stock Price Target
$1,414.00
Potential Upside/Downside
-9.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$405.64 million
Pretax Margin
81.94%

Debt

Sales & Book Value

Annual Sales
$631.59 million
Cash Flow
$54.78 per share
Book Value
$136.04 per share

Miscellaneous

Free Float
6,131,000
Market Cap
$12.01 billion
Optionable
Not Optionable
Beta
1.60

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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 year. 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 analysts have issued twelve-month price targets for Texas Pacific Land's shares. Their TPL share price targets range from $1,414.00 to $1,414.00. On average, they anticipate the company's share price to reach $1,414.00 in the next twelve months. This suggests that the stock has a possible downside of 9.7%.
View analysts price targets for TPL
or view top-rated stocks among Wall Street analysts.

How have TPL shares performed in 2024?

Texas Pacific Land's stock was trading at $1,572.45 at the start of the year. Since then, TPL shares have decreased by 0.4% and is now trading at $1,565.72.
View the best growth stocks for 2024 here
.

When is Texas Pacific Land's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our TPL earnings forecast
.

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) issued its quarterly earnings results on Thursday, November, 4th. The financial services provider reported $10.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.83 by $1.99. The financial services provider had revenue of $123.69 million for the quarter, compared to the consensus estimate of $106.25 million. Texas Pacific Land had a net margin of 64.22% and a trailing twelve-month return on equity of 43.57%. During the same period last year, the company posted $5.97 EPS.

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

Texas Pacific Land announced a quarterly dividend on Tuesday, February 13th. Stockholders of record on Friday, March 1st will be given a dividend of $3.50 per share on Friday, March 15th. This represents a $14.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $3.25.
Read our dividend analysis for TPL
.

Is Texas Pacific Land a good dividend stock?

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $14.00 per share and currently has a dividend yield of 0.89%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.54%. This payout ratio is at a healthy, sustainable level, below 75%.
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 investors include Horizon Kinetics Asset Management LLC (17.44%), Vanguard Group Inc. (8.27%), Schwartz Investment Counsel Inc. (0.87%), Legal & General Group Plc (0.62%), Northern Trust Corp (0.62%) and Charles Schwab Investment Management Inc. (0.56%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TPL) was last updated on 3/3/2024 by MarketBeat.com Staff