NYSE:TPL

Texas Pacific Land Stock Forecast, Price & News

$1,607.88
+17.88 (+1.12 %)
(As of 06/23/2021 04:15 PM ET)
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Today's Range
$1,586.79
$1,624.54
50-Day Range
$1,453.12
$1,753.25
52-Week Range
$427.69
$1,773.95
Volume43,062 shs
Average Volume58,644 shs
Market Capitalization$12.47 billion
P/E Ratio73.93
Dividend Yield0.69%
Beta2.2
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Texas Pacific Land logo

About Texas Pacific Land

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages approximately 880,000 acres of land. This segment also holds oil and gas royalty interests; easements and commercial leases comprising easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and agreements with operators and midstream companies to lease its land, primarily for facilities and roads. In addition, this segment is involved in material sales, including caliche. The company's Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services to operators in the Permian Basin. This segment also engages in the recycled water operations; and holds royalties for water sourced from its land. The company was founded in 1888 and is headquartered in Dallas, Texas.

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MarketRank

Overall MarketRank

1.89 out of 5 stars

Oils/Energy Sector

58th out of 689 stocks

Oil Royalty Traders Industry

1st out of 10 stocks

Analyst Opinion: 1.3Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Texas Pacific Land (NYSE:TPL) Frequently Asked Questions

Is Texas Pacific Land a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land in the last year. 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.
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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Texas Pacific Land wasn't one of them. MarketBeat thinks these five companies 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, July 29th 2021.
View our earnings forecast for Texas Pacific Land
.

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) announced its quarterly earnings results on Thursday, May, 6th. The financial services provider reported $6.45 EPS for the quarter, beating analysts' consensus estimates of $5.77 by $0.68. The financial services provider earned $84.16 million during the quarter, compared to the consensus estimate of $75.22 million. Texas Pacific Land had a net margin of 58.70% and a trailing twelve-month return on equity of 34.01%.
View Texas Pacific Land's earnings history
.

How has Texas Pacific Land's stock price been impacted by COVID-19?

Texas Pacific Land'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 stock has increased by 251.8% and is now trading at $1,607.88.
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 announced a quarterly dividend on Thursday, May 6th. Investors of record on Tuesday, June 8th will be given a dividend of $2.75 per share on Tuesday, June 15th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, June 7th.
View Texas Pacific Land's dividend history
.

Is Texas Pacific Land a good dividend stock?

Texas Pacific Land pays an annual dividend of $11.00 per share and currently has a dividend yield of 0.69%. Texas Pacific Land does not yet have a strong track record of dividend growth. The dividend payout ratio of Texas Pacific Land is 48.46%. 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 23.40% 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 brokers have issued 12 month target prices for Texas Pacific Land's shares. Their forecasts range from $1,359.00 to $2,000.00. On average, they expect Texas Pacific Land's share price to reach $1,679.50 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
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 $2.92M)
  • Mr. Micheal W. Dobbs, Sr. VP, Sec. & Gen. Counsel (Age 48, Pay $433.33k)
  • Mr. Robert J. Packer, Advisor (Age 52, Pay $2.92M)
  • Mr. Chris Steddum, Chief Financial Officer
  • Ms. Stephanie D. Buffington, Chief Accounting Officer
  • 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 variety of retail and institutional investors. Top institutional investors include Horizon Kinetics Asset Management LLC (20.09%), Morgan Stanley (4.92%), BlackRock Inc. (2.07%), First Manhattan Co. (1.93%), Price T Rowe Associates Inc. MD (1.10%) and Pacific Heights Asset Management LLC (0.90%). Company insiders that own Texas Pacific Land stock include Kinetics Asset Managem Horizon, Murray Stahl and Tyler Glover.
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 Horizon Kinetics Asset Management LLC, FIL Ltd, HRT Financial LP, Amundi Asset Management US Inc., Pacific Heights Asset Management LLC, Stifel Financial Corp, Captrust Financial Advisors, and GW&K Investment Management LLC.
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 BlackRock Inc., Morgan Stanley, Geode Capital Management LLC, Northern Trust Corp, Lawson Kroeker Investment Management Inc. NE, HighTower Advisors LLC, Mountain Lake Investment Management LLC, and Envestnet Asset Management Inc.. Company insiders that have bought Texas Pacific Land stock in the last two years include Kinetics Asset Managem Horizon, Murray Stahl, and Tyler Glover.
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 $1,607.88.

How much money does Texas Pacific Land make?

Texas Pacific Land has a market capitalization of $12.47 billion and generates $302.55 million in revenue each year. The financial services provider earns $176.05 million in net income (profit) each year or $22.70 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 6/23/2021 by MarketBeat.com Staff
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