Texas Pacific Land Stock Forecast, Price & News

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.
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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.
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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.

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.

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.
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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.

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.

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.
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Some companies that are related to Texas Pacific Land include Sabine Royalty Trust (SBR), Permian Basin Royalty Trust (PBT), San Juan Basin Royalty Trust (SJT), Cross Timbers Royalty Trust (CRT), North European Oil Royalty Trust (NRT), Mesa Royalty Trust (MTR), Marine Petroleum Trust (MARPS) and Hugoton Royalty Trust (HGTXU).
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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).

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

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.

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.

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.

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.
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One share of TPL stock can currently be purchased for approximately $1,607.88.

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.

Texas Pacific Land employs 102 workers across the globe.

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

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

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.