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NYSE:TPL

Texas Pacific Land Stock Forecast, Price & News

$1,111.87
-31.65 (-2.77 %)
(As of 02/25/2021 12:00 AM ET)
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Compare
Today's Range
$1,107.47
Now: $1,111.87
$1,190.00
50-Day Range
$778.68
MA: $938.21
$1,164.23
52-Week Range
$295.05
Now: $1,111.87
$1,190.00
Volume37,683 shs
Average Volume36,651 shs
Market Capitalization$8.62 billion
P/E Ratio42.55
Dividend Yield0.87%
Beta2.09
Texas Pacific Land Corporation holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. The Land and Resource Management segment manages various land and related resources in West Texas. This segment has oil and gas royalty interests; enter into easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and leases land. It owns approximately 880,000 acres of land comprising various separate tracts located in 19 counties in the West Texas. This segment also owns a 1/128th nonparticipating perpetual oil and gas royalty interest under 85,000 acres of land, as well as a 1/16th nonparticipating perpetual oil and gas royalty interest under 371,000 acres of land in the western part of Texas; and oil and gas royalty interests in approximately 4,000 net royalty acres. The Water Service and Operations segment offers water sourcing, produced-water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services. Texas Pacific Land Trust was founded in 1888 and is headquartered in Dallas, Texas.
Texas Pacific Land logo

Industry, Sector and Symbol

Industry Oil royalty traders
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone214-969-5530
Employees102
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$490.50 million
Cash Flow$56.67 per share
Book Value$66.03 per share

Profitability

Net Income$318.73 million

Miscellaneous

Market Cap$8.62 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

1.94 out of 5 stars

Finance Sector

254th out of 1,931 stocks

Oil Royalty Traders Industry

1st out of 10 stocks

Analyst Opinion: 1.5Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$1,111.87
-31.65 (-2.77 %)
(As of 02/25/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Texas Pacific Land (NYSE:TPL) Frequently Asked Questions

Is Texas Pacific Land a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Texas Pacific Land stock.
View analyst ratings for Texas Pacific Land
or view top-rated stocks.

What stocks does MarketBeat like better than Texas Pacific Land?

Wall Street analysts have given Texas Pacific Land a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Texas Pacific Land wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Texas Pacific Land's next earnings date?

Texas Pacific Land is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Texas Pacific Land
.

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) posted its quarterly earnings data on Monday, November, 2nd. The financial services provider reported $5.97 earnings per share for the quarter, topping analysts' consensus estimates of $3.59 by $2.38. The financial services provider earned $74.38 million during the quarter, compared to the consensus estimate of $55 million. Texas Pacific Land had a trailing twelve-month return on equity of 41.56% and a net margin of 59.78%.
View Texas Pacific Land's earnings history
.

How has Texas Pacific Land's stock been impacted by Coronavirus (COVID-19)?

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 shares have increased by 143.3% and is now trading at $1,111.87.
View which stocks have been most impacted by COVID-19
.

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

Texas Pacific Land declared a None dividend on Monday, November 23rd. Stockholders of record on Friday, December 11th will be given a dividend of $10.00 per share on Thursday, December 17th. The ex-dividend date of this dividend is Thursday, December 10th.
View Texas Pacific Land's dividend history
.

Is Texas Pacific Land a good dividend stock?

Texas Pacific Land pays an annual dividend of $10.00 per share and currently has a dividend yield of 0.87%. The dividend payout ratio of Texas Pacific Land is 24.17%. 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 37.95% next year. This indicates that Texas Pacific Land will be able to sustain or increase its dividend.
View Texas Pacific Land's dividend history.

What price target have analysts set for TPL?

2 equities research analysts have issued 12-month target prices for Texas Pacific Land's stock. Their forecasts range from $679.00 to $1,150.00. On average, they anticipate Texas Pacific Land's stock price to reach $914.50 in the next year. This suggests that the stock has a possible downside of 17.8%.
View analysts' price targets for Texas Pacific Land
or view top-rated stocks among Wall Street analysts.

Who are Texas Pacific Land's key executives?

Texas Pacific Land's management team includes the following people:
  • Mr. Tyler Glover, Pres, CEO & Trustee (Age 36, Pay $3.72M)
  • Mr. Robert J. Packer, Chief Financial Officer (Age 52, Pay $3.73M)
  • Ms. Stephanie D. Buffington, VP of Accounting
  • Mr. Chris Steddum, VP of Fin. & Investor Relations
  • Mr. Micheal W. Dobbs, Sr. VP, Sec. & Gen. Counsel
  • Mr. Robert A. Crain, Exec. VP of Texas Pacific Water Resources LLC (Age 41)

Who are some of Texas Pacific Land's key competitors?

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), 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).

What is Texas Pacific Land's stock symbol?

Texas Pacific Land trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPL."

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 (3.24%), Epoch Investment Partners Inc. (1.49%), Price T Rowe Associates Inc. MD (1.10%), FIL Ltd (0.87%), Mad River Investors (0.71%) and Hodges Capital Management Inc. (0.52%). 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
.

Which major investors are selling Texas Pacific Land stock?

TPL stock was sold by a variety of institutional investors in the last quarter, including Ninety One UK Ltd, Hodges Capital Management Inc., Epoch Investment Partners Inc., Wells Fargo & Company MN, Northern Trust Corp, Stifel Financial Corp, Amundi Pioneer Asset Management Inc., and First Foundation Advisors.
View insider buying and selling activity for Texas Pacific Land
or view top insider-selling stocks.

Which major investors are buying Texas Pacific Land stock?

TPL stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, FIL Ltd, Morgan Stanley, American Money Management LLC, Bridges Investment Management Inc., Howland Capital Management LLC, Janney Montgomery Scott LLC, and Monticello 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.

How do I buy shares of Texas Pacific Land?

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.
Compare Top Brokerages Here.

What is Texas Pacific Land's stock price today?

One share of TPL stock can currently be purchased for approximately $1,111.87.

How much money does Texas Pacific Land make?

Texas Pacific Land has a market capitalization of $8.62 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.

How many employees does Texas Pacific Land have?

Texas Pacific Land employs 102 workers across the globe.

What is Texas Pacific Land's official website?

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

Where are Texas Pacific Land's headquarters?

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

How can I contact Texas Pacific Land?

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.


This page was last updated on 2/25/2021 by MarketBeat.com Staff

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