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

1 Wall Street equities 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 equities 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.
View TPL analyst ratings or view top-rated stocks.

1 analysts have issued 1-year price targets for Texas Pacific Land's shares. Their TPL share price forecasts range from $1,378.00 to $1,378.00. On average, they predict the company's stock price to reach $1,378.00 in the next twelve months. This suggests a possible upside of 4.9% from the stock's current price.
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 start of the year. Since then, TPL shares have decreased by 44.0% and is now trading at $1,313.15.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our TPL earnings forecast.

Texas Pacific Land Co. (NYSE:TPL) released its earnings results on Thursday, November, 4th. The financial services provider reported $10.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.83 by $1.99. The financial services provider had revenue of $123.69 million for the quarter, compared to analysts' expectations of $106.25 million. Texas Pacific Land had a net margin of 65.28% and a trailing twelve-month return on equity of 58.62%. During the same quarter in the previous year, the firm posted $5.97 earnings per share.

Texas Pacific Land declared a quarterly dividend on Tuesday, May 2nd. Investors of record on Thursday, June 8th will be paid a dividend of $3.25 per share on Thursday, June 15th. This represents a $13.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, June 7th.
Read our dividend analysis for TPL.

ETFs with the largest weight of Texas Pacific Land (NYSE:TPL) stock in their portfolio include Invesco DWA Energy Momentum ETF (PXI), Horizon Kinetics Inflation Beneficiaries ETF (INFL), Horizon Kinetics Energy and Remediation ETF (NVIR), Formidable Fortress ETF (KONG), Amplify Inflation Fighter ETF (IWIN), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and First Trust Energy AlphaDEX Fund (FXN).

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $13.00 per share and currently has a dividend yield of 0.99%. 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 23.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 21.26% 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (5.91%), State Street Corp (2.61%), First Manhattan CO. LLC. (1.87%), Geode Capital Management LLC (1.32%), Schwartz Investment Counsel Inc. (0.85%) and Mad River Investors (0.56%). Insiders that own company stock include Dana F Mcginnis, Kinetics Asset Managem Horizon, Murray Stahl and Tyler Glover.
View institutional ownership trends.

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 $1,313.15.

Texas Pacific Land (NYSE:TPL) has a market capitalization of $10.10 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 $56.37 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.