Texas Pacific Land - TPL Stock Forecast, Price & News

Texas Pacific Land's stock was trading at $2,344.23 at the beginning of the year. Since then, TPL shares have decreased by 27.2% and is now trading at $1,706.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our TPL earnings forecast.

Texas Pacific Land Co. (NYSE:TPL) issued its quarterly earnings results on Thursday, November, 4th. The financial services provider reported $10.82 earnings per share for the quarter, topping the consensus estimate of $8.83 by $1.99. The financial services provider had revenue of $123.69 million for the quarter, compared to analyst estimates of $106.25 million. During the same quarter in the prior year, the business posted $5.97 EPS.

Texas Pacific Land announced a quarterly dividend on Monday, February 13th. Stockholders of record on Wednesday, March 8th will be paid a dividend of $3.25 per share on Wednesday, March 15th. This represents a $13.00 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, March 7th. This is a positive change from the stock's previous quarterly dividend of $3.00.
Read our dividend analysis for TPL.

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

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $13.00 per share and currently has a dividend yield of 0.80%. 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 22.50%. This payout ratio is at a healthy, sustainable level, below 75%.
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 many different institutional and retail investors. Top institutional investors include Horizon Kinetics Asset Management LLC (18.60%), Moneta Group Investment Advisors LLC (2.70%), First Manhattan Co. (1.87%), Geode Capital Management LLC (1.30%), Morgan Stanley (0.94%) and Schwartz Investment Counsel Inc. (0.85%). 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 $1,706.50.

Texas Pacific Land (NYSE:TPL) has a market capitalization of $13.14 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 $57.77 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.