Texas Pacific Land - TPL Stock Forecast, Price & News

1 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 for the stock. The consensus among Wall Street research analysts is that investors should "sell" TPL shares.
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1 Wall Street analysts have issued 1-year price targets for Texas Pacific Land's stock. Their TPL share price forecasts range from $800.00 to $800.00. On average, they expect the company's stock price to reach $800.00 in the next twelve months. This suggests that the stock has a possible downside of 54.8%.
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Texas Pacific Land's stock was trading at $1,248.87 at the start of the year. Since then, TPL stock has increased by 41.7% and is now trading at $1,769.47.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Texas Pacific Land Co. (NYSE:TPL) released its earnings results on Thursday, November, 4th. The financial services provider reported $10.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.83 by $1.99. The financial services provider earned $123.69 million during the quarter, compared to the consensus estimate of $106.25 million. During the same period last year, the company posted $5.97 earnings per share.

Texas Pacific Land announced a quarterly dividend on Tuesday, August 2nd. Stockholders of record on Thursday, September 8th will be paid a dividend of $3.00 per share on Thursday, September 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, September 7th.
Read our dividend analysis for TPL.

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $12.00 per share and currently has a dividend yield of 0.70%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 18.72% next year. This indicates that the company will be able to sustain or increase its dividend.
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 shareholders include Horizon Kinetics Asset Management LLC (19.45%), Mad River Investors (0.60%), Hodges Capital Management Inc. (0.50%), Essex Financial Services Inc. (0.37%), Moors & Cabot Inc. (0.36%) and UBS Group AG (0.33%). Insiders that own company stock include Dana F Mcginnis, Kinetics Asset Managem Horizon, Murray Stahl and Tyler Glover.
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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 $1,769.47.

Texas Pacific Land (NYSE:TPL) has a market capitalization of $13.66 billion and generates $450.96 million in revenue each year. The financial services provider earns $269.98 million in net income (profit) each year or $49.04 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.