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NYSE:TPLTexas Pacific Land Trust Stock Price, Forecast & News

$586.39
-14.60 (-2.43 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$576.65
Now: $586.39
$597.99
50-Day Range
$463.16
MA: $526.48
$600.99
52-Week Range
$295.05
Now: $586.39
$838.50
Volume31,837 shs
Average Volume31,128 shs
Market Capitalization$4.55 billion
P/E Ratio19.08
Dividend Yield1.66%
Beta2.01
Texas Pacific Land Trust 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. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. The company has oil, gas, and water royalty interests; enter into easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; leases land; and sells water and land. As of December 31, 2018, it owned the surface estate in approximately 902,177 acres of land comprising various separate tracts located in 19 counties in the western part of Texas. The company also owns a 1/128 nonparticipating perpetual oil and gas royalty interest under 84,934 acres of land, as well as a 1/16 nonparticipating perpetual oil and gas royalty interest under 370,737 acres of land in the western part of Texas; and oil and gas royalty interests in approximately 1,826 net royalty acres. Texas Pacific Land Trust was founded in 1888 and is headquartered in Dallas, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 3.0Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.06 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$490.50 million
Cash Flow$41.50 per share
Book Value$57.42 per share

Profitability

Net Income$318.73 million

Miscellaneous

Employees64
Market Cap$4.55 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableNot Optionable

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Texas Pacific Land Trust (NYSE:TPL) Frequently Asked Questions

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

Texas Pacific Land Trust's stock was trading at $457.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TPL shares have increased by 28.3% and is now trading at $586.39. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Texas Pacific Land Trust?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land Trust in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Texas Pacific Land Trust.

When is Texas Pacific Land Trust's next earnings date?

Texas Pacific Land Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Texas Pacific Land Trust.

How were Texas Pacific Land Trust's earnings last quarter?

Texas Pacific Land Trust (NYSE:TPL) released its quarterly earnings data on Thursday, April, 30th. The financial services provider reported $7.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $7.19 by $0.21. The financial services provider earned $96.59 million during the quarter, compared to analyst estimates of $93 million. Texas Pacific Land Trust had a return on equity of 53.43% and a net margin of 60.22%. View Texas Pacific Land Trust's earnings history.

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

Texas Pacific Land Trust announced an annual dividend on Tuesday, February 25th. Investors of record on Monday, March 9th will be paid a dividend of $10.00 per share on Monday, March 16th. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Texas Pacific Land Trust's previous annual dividend of $1.75. View Texas Pacific Land Trust's dividend history.

What price target have analysts set for TPL?

1 analysts have issued 1-year price targets for Texas Pacific Land Trust's shares. Their forecasts range from $947.00 to $947.00. On average, they expect Texas Pacific Land Trust's share price to reach $947.00 in the next year. This suggests a possible upside of 61.5% from the stock's current price. View analysts' price targets for Texas Pacific Land Trust.

Has Texas Pacific Land Trust been receiving favorable news coverage?

News articles about TPL stock have trended very negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Texas Pacific Land Trust earned a coverage optimism score of -3.7 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTexas Pacific Land Trust.

Are investors shorting Texas Pacific Land Trust?

Texas Pacific Land Trust saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 92,900 shares, an increase of 53.6% from the April 30th total of 60,500 shares. Based on an average daily volume of 53,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.2% of the company's stock are sold short. View Texas Pacific Land Trust's Current Options Chain.

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

What other stocks do shareholders of Texas Pacific Land Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Texas Pacific Land Trust investors own include NVIDIA (NVDA), Adobe (ADBE), Walt Disney (DIS), salesforce.com (CRM), Alibaba Group (BABA), Costco Wholesale (COST), Marathon Petroleum (MPC), Netflix (NFLX), AT&T (T) and AbbVie (ABBV).

Who are Texas Pacific Land Trust's key executives?

Texas Pacific Land Trust's management team includes the following people:
  • Mr. Tyler Glover, Gen. Agent, CEO & Sec. (Age 34)
  • Mr. Robert J. Packer, Gen. Agent, CFO & Principal Accounting Officer (Age 50)

What is Texas Pacific Land Trust's stock symbol?

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

Who are Texas Pacific Land Trust's major shareholders?

Texas Pacific Land Trust's stock is owned by many different retail and institutional investors. Top institutional shareholders include Horizon Kinetics Asset Management LLC (22.43%), First Manhattan Co. (2.00%), Pacific Heights Asset Management LLC (1.03%), Hodges Capital Management Inc. (0.75%), Mad River Investors (0.73%) and UBS Group AG (0.73%). Company insiders that own Texas Pacific Land Trust stock include David E Barry, Horizon Kinetics Llc, Kinetics Asset Managem Horizon, Maurice Meyer III and Robert J Packer. View institutional ownership trends for Texas Pacific Land Trust.

Which major investors are selling Texas Pacific Land Trust stock?

TPL stock was sold by a variety of institutional investors in the last quarter, including Horizon Kinetics Asset Management LLC, Hodges Capital Management Inc., Pecaut & CO., UBS Group AG, Russell Investments Group Ltd., GW&K Investment Management LLC, Arosa Capital Management LP, and Voloridge Investment Management LLC. View insider buying and selling activity for Texas Pacific Land Trust.

Which major investors are buying Texas Pacific Land Trust stock?

TPL stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Tensile Capital Management LLC, Waratah Capital Advisors Ltd., Envestnet Asset Management Inc., First Foundation Advisors, State Street Corp, and Pacific Heights Asset Management LLC. Company insiders that have bought Texas Pacific Land Trust stock in the last two years include David E Barry, Horizon Kinetics Llc, Kinetics Asset Managem Horizon, and Robert J Packer. View insider buying and selling activity for Texas Pacific Land Trust.

How do I buy shares of Texas Pacific Land Trust?

Shares of TPL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Texas Pacific Land Trust's stock price today?

One share of TPL stock can currently be purchased for approximately $586.39.

How big of a company is Texas Pacific Land Trust?

Texas Pacific Land Trust has a market capitalization of $4.55 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 Trust employs 64 workers across the globe.

What is Texas Pacific Land Trust's official website?

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

How can I contact Texas Pacific Land Trust?

Texas Pacific Land Trust'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 5/30/2020 by MarketBeat.com Staff

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