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

1 Wall Street research 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 research 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.
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1 brokerages have issued 12 month price objectives for Texas Pacific Land's stock. Their TPL share price forecasts range from $1,622.00 to $1,622.00. On average, they predict the company's share price to reach $1,622.00 in the next year. This suggests that the stock has a possible downside of 9.0%.
View analysts price targets for TPL or view top-rated stocks among Wall Street analysts.

Texas Pacific Land's stock was trading at $2,344.23 at the beginning of the year. Since then, TPL shares have decreased by 23.9% and is now trading at $1,783.03.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our TPL earnings forecast.

Texas Pacific Land Co. (NYSE:TPL) issued its quarterly earnings results on Wednesday, August, 2nd. The financial services provider reported $13.05 earnings per share for the quarter, topping the consensus estimate of $11.11 by $1.94. The financial services provider earned $160.61 million during the quarter, compared to analysts' expectations of $143.24 million. Texas Pacific Land had a trailing twelve-month return on equity of 51.89% and a net margin of 64.00%.

Texas Pacific Land declared a quarterly dividend on Tuesday, August 1st. Investors of record on Friday, September 1st will be paid a dividend of $3.25 per share on Friday, September 15th. This represents a $13.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for TPL.

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).

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $13.00 per share and currently has a dividend yield of 0.71%. 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 24.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 18.17% 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."

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 $1,783.03.

Texas Pacific Land (NYSE:TPL) has a market capitalization of $13.69 billion and generates $667.42 million in revenue each year. The financial services provider earns $446.36 million in net income (profit) each year or $54.05 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, via email at ir@texaspacific.com, or via fax at 214-969-5530.