Texas Pacific Land Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Texas Pacific Land stock.
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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 earnings results on Thursday, May, 6th. The financial services provider reported $6.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.77 by $0.68. The financial services provider had revenue of $84.16 million for the quarter, compared to analyst estimates of $75.22 million. Texas Pacific Land had a trailing twelve-month return on equity of 34.01% and a net margin of 58.70%.
View Texas Pacific Land's earnings history.

Texas Pacific Land's stock was trading at $457.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TPL shares have increased by 231.9% and is now trading at $1,516.92.
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Texas Pacific Land declared a quarterly dividend on Thursday, May 6th. Stockholders 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 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend 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 0.73%. 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 equities research analysts have issued twelve-month target prices for Texas Pacific Land's stock. Their forecasts range from $1,359.00 to $2,000.00. On average, they anticipate Texas Pacific Land's share price to reach $1,679.50 in the next twelve months. This suggests a possible upside of 10.7% 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 number 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 bought 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 $1,516.92.

Texas Pacific Land has a market capitalization of $11.77 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.