Texas Pacific Land Stock Forecast, Price & News

2 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 and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Texas Pacific Land stock.
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Texas Pacific Land is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Texas Pacific Land.

Texas Pacific Land Co. (NYSE:TPL) issued its quarterly earnings data on Thursday, February, 25th. The financial services provider reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $1.23. The financial services provider earned $74.30 million during the quarter, compared to analyst estimates of $64.65 million. Texas Pacific Land had a net margin of 59.78% and a trailing twelve-month return on equity of 41.56%.
View Texas Pacific Land's earnings history.

Texas Pacific Land's stock was trading at $457.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TPL stock has increased by 249.7% and is now trading at $1,598.19.
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Texas Pacific Land announced a quarterly dividend on Friday, February 26th. Investors of record on Monday, March 8th will be given a dividend of $2.75 per share on Monday, March 15th. This represents a $11.00 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, March 5th. This is an increase from Texas Pacific Land's previous quarterly dividend of $2.50.
View Texas Pacific Land's dividend history.

Texas Pacific Land pays an annual dividend of $11.00 per share and currently has a dividend yield of 0.68%. The dividend payout ratio of Texas Pacific Land is 26.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Texas Pacific Land will have a dividend payout ratio of 41.75% next year. This indicates that Texas Pacific Land will be able to sustain or increase its dividend.
View Texas Pacific Land's dividend history.

2 Wall Street analysts have issued 12-month target prices for Texas Pacific Land's stock. Their forecasts range from $1,359.00 to $1,700.00. On average, they expect Texas Pacific Land's share price to reach $1,529.50 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
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Some companies that are related to Texas Pacific Land include Sabine Royalty Trust (SBR), San Juan Basin Royalty Trust (SJT), Permian Basin Royalty Trust (PBT), Cross Timbers Royalty Trust (CRT), North European Oil Royalty Trust (NRT), Marine Petroleum Trust (MARPS), Mesa Royalty Trust (MTR) and Hugoton Royalty Trust (HGTXU).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Texas Pacific Land investors own include NVIDIA (NVDA), The Walt Disney (DIS), Adobe (ADBE), Mastercard (MA), QUALCOMM (QCOM), Visa (V), Alibaba Group (BABA), Costco Wholesale (COST), salesforce.com (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 Lawson Kroeker Investment Management Inc. NE (0.33%), Beddow Capital Management Inc. (0.14%), Ipswich Investment Management Co. Inc. (0.02%) and Edge Wealth Management LLC (0.00%). Company insiders that own Texas Pacific Land stock include Horizon Kinetics Llc, Kinetics Asset Managem Horizon and Murray Stahl.
View institutional ownership trends for Texas Pacific Land.

TPL stock was sold by a variety of institutional investors in the last quarter, including Beddow Capital Management Inc..
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TPL stock was purchased by a variety of institutional investors in the last quarter, including Lawson Kroeker Investment Management Inc. NE, Ipswich Investment Management Co. Inc., and Edge Wealth Management LLC. Company insiders that have bought Texas Pacific Land stock in the last two years include Horizon Kinetics Llc, Kinetics Asset Managem Horizon, and Murray Stahl.
View insider buying and selling activity for Texas Pacific Land or or view top insider-buying stocks.

Shares of TPL 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 $1,598.19.

Texas Pacific Land has a market capitalization of $12.40 billion and generates $490.50 million in revenue each year. The financial services provider earns $318.73 million in net income (profit) each year or $41.38 on an earnings per share basis.

Texas Pacific Land employs 102 workers across the globe.

The official website for Texas Pacific Land is www.tpltrust.com.

Texas Pacific Land is headquartered at 1700 PACIFIC AVENUE SUITE 2900, DALLAS TX, 75201.

Texas Pacific Land's mailing address is 1700 PACIFIC AVENUE SUITE 2900, DALLAS TX, 75201. The financial services provider can be reached via phone at 214-969-5530.