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NYSE:TPL

Texas Pacific Land Stock Forecast, Price & News

$1,205.66
-13.81 (-1.13%)
(As of 12/3/2021 12:00 AM ET)
Add
Compare
Today's Range
$1,205.66
$1,235.25
50-Day Range
$1,151.79
$1,421.57
52-Week Range
$642.00
$1,773.95
Volume
24,834 shs
Average Volume
45,653 shs
Market Capitalization
$9.34 billion
P/E Ratio
39.66
Dividend Yield
0.90%
Beta
2.24
30 days | 90 days | 365 days | Advanced Chart
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Texas Pacific Land logo

About Texas Pacific Land

Texas Pacific Land Corp. operates as a landowner in the State of Texas. Its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of the firm's land, revenue for sales of materials used in the construction of infrastructure, providing sourced water and treated produced water, revenue from its oil and gas royalty interests, and revenues related to saltwater disposal on land. The company also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities. The company operates through following segment: Land and Resource Management and Water Services and Operations. The Land and Resource Management segment focuses on managing oil and gas royalty interest and surface. The Water Services and Operations segment offers operators an unparalleled breadth of service across the majority of the Permian Basin. The company was founded in April 2020 and is headquartered in Dallas, TX.

Headlines

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Industry, Sector and Symbol

Industry
Oil royalty traders
Sub-Industry
N/A
Employees
102
Year Founded
N/A

Sales & Book Value

Annual Sales
$302.55 million
Cash Flow
$38.26 per share
Book Value
$66.03 per share

Profitability

Net Income
$176.05 million
Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
7,452,000
Market Cap
$9.34 billion
Optionable
Not Optionable

Company Calendar

Ex-Dividend
9/07/2021
Dividend Payable
9/15/2021
Last Earnings
11/04/2021
Today
12/03/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/24/2022

Social Links


MarketRank

Overall MarketRank

2.59 out of 5 stars

Oils/Energy Sector

62nd out of 356 stocks

Oil Royalty Traders Industry

1st out of 7 stocks

Analyst Opinion: 2.0Community Rank: 4.9Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Texas Pacific Land (NYSE:TPL) Frequently Asked Questions

Is Texas Pacific Land a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Texas Pacific Land stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPL, but not buy additional shares or sell existing shares.
View analyst ratings for Texas Pacific Land
or view top-rated stocks.

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 (WHO). Since then, TPL shares have increased by 163.8% and is now trading at $1,205.66.
View which stocks have been most impacted by COVID-19
.

When is Texas Pacific Land's next earnings date?

Texas Pacific Land is scheduled to release its next quarterly earnings announcement on Thursday, February 24th 2022.
View our earnings forecast for Texas Pacific Land
.

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) released its quarterly earnings data on Thursday, November, 4th. The financial services provider reported $10.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $1.99. The financial services provider had revenue of $123.69 million for the quarter, compared to the consensus estimate of $106.25 million. Texas Pacific Land had a net margin of 62.35% and a trailing twelve-month return on equity of 38.17%. During the same period in the previous year, the company earned $5.97 EPS.
View Texas Pacific Land's earnings history
.

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 Monday, November 8th. Stockholders of record on Wednesday, December 8th will be given a dividend of $2.75 per share on Wednesday, December 15th. This represents a $11.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Tuesday, December 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 0.90%. The dividend payout ratio of Texas Pacific Land is 36.18%. 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 20.92% 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?

3 brokerages have issued twelve-month target prices for Texas Pacific Land's shares. Their forecasts range from $800.00 to $2,000.00. On average, they expect Texas Pacific Land's stock price to reach $1,386.33 in the next year. This suggests a possible upside of 15.0% 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:
  • Tyler Glover, President, Chief Executive Officer & Director
  • Chris Steddum, Chief Financial Officer
  • Micheal W. Dobbs, Secretary, Senior VP & General Counsel
  • Stephanie D. Buffington, Chief Accounting Officer

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), 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.50%), First Manhattan Co. (1.93%), Geode Capital Management LLC (0.90%), Hodges Capital Management Inc. (0.63%), Morgan Stanley (0.48%) and Essex Financial Services Inc. (0.42%). 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 institutional investors are selling Texas Pacific Land stock?

TPL stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Jane Street Group LLC, Epoch Investment Partners Inc., FIL Ltd, Geode Capital Management LLC, Arrowstreet Capital Limited Partnership, Invesco Ltd., and Karani Asset Management LLC.
View insider buying and selling activity for Texas Pacific Land
or view top insider-selling stocks.

Which institutional investors are buying Texas Pacific Land stock?

TPL stock was acquired by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., Dimensional Fund Advisors LP, State of Alaska Department of Revenue, California Public Employees Retirement System, Two Sigma Advisers LP, Rafferty Asset Management LLC, Credit Suisse AG, and Millennium Management LLC. 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 $1,205.66.

How much money does Texas Pacific Land make?

Texas Pacific Land has a market capitalization of $9.34 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 $30.40 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 or via fax at 214-969-5530.


This page was last updated on 12/3/2021 by MarketBeat.com Staff

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