NYSE:TPLTexas Pacific Land Trust Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Texas Pacific Land Trust Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $586.39 -14.60 (-2.43 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$576.65Now: $586.39▼$597.9950-Day Range$463.16MA: $526.48▼$600.9952-Week Range$295.05Now: $586.39▼$838.50Volume31,837 shsAverage Volume31,128 shsMarket Capitalization$4.55 billionP/E Ratio19.08Dividend Yield1.66%Beta2.01 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. The company has oil, gas, and water royalty interests; enter into easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; leases land; and sells water and land. As of December 31, 2018, it owned the surface estate in approximately 902,177 acres of land comprising various separate tracts located in 19 counties in the western part of Texas. The company also owns a 1/128 nonparticipating perpetual oil and gas royalty interest under 84,934 acres of land, as well as a 1/16 nonparticipating perpetual oil and gas royalty interest under 370,737 acres of land in the western part of Texas; and oil and gas royalty interests in approximately 1,826 net royalty acres. Texas Pacific Land Trust was founded in 1888 and is headquartered in Dallas, Texas.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingTexas Pacific Land Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $947.00, Texas Pacific Land Trust has a potential upside of 61.5% from its current price of $586.39.Amount of Analyst CoverageTexas Pacific Land Trust has received no research coverage in the past 90 days. Previous Next 3.0 Community Rank Outperform VotesTexas Pacific Land Trust has received 247 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTexas Pacific Land Trust has received 171 “underperform” votes. (Add your “underperform” vote.)Community SentimentTexas Pacific Land Trust has received 59.09% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Texas Pacific Land Trust and other stocks. Vote “Outperform” if you believe TPL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TPL will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 4.2 Dividend Strength Dividend LeadershipTexas Pacific Land Trust is a leading dividend payer. It pays a dividend yield of 1.66%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTexas Pacific Land Trust has been increasing its dividend for 8 years.Dividend CoverageThe dividend payout ratio of Texas Pacific Land Trust is 24.17 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Texas Pacific Land Trust will have a dividend payout ratio of 46.13 % next year. This indicates that Texas Pacific Land Trust will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Texas Pacific Land Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $497,920.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.92% of the stock of Texas Pacific Land Trust is held by insiders.Percentage Held by Institutions43.90% of the stock of Texas Pacific Land Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Texas Pacific Land Trust are expected to grow by 7.06% in the coming year, from $20.25 to $21.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Texas Pacific Land Trust is 19.08, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.78.Price to Earnings Ratio vs. SectorThe P/E ratio of Texas Pacific Land Trust is 19.08, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.09.Price to Book Value per Share RatioTexas Pacific Land Trust has a P/B Ratio of 10.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 3.0Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.06 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Oil royalty traders Sub-IndustryN/A SectorFinance Current SymbolNYSE:TPL Previous Symbol CUSIPN/A CIK97517 Webwww.tpltrust.com Phone214-969-5530Debt Debt-to-Equity Ratio0.01 Current Ratio13.83 Quick Ratio13.83Price-To-Earnings Trailing P/E Ratio19.08 Forward P/E Ratio28.96 P/E GrowthN/A Sales & Book Value Annual Sales$490.50 million Price / Sales9.28 Cash Flow$41.50 per share Price / Cash Flow14.13 Book Value$57.42 per share Price / Book10.21Profitability EPS (Most Recent Fiscal Year)$41.38 Net Income$318.73 million Net Margins60.22% Return on Equity53.43% Return on Assets44.79%Miscellaneous Employees64 Outstanding Shares7,760,000Market Cap$4.55 billion Next Earnings Date7/29/2020 (Estimated) OptionableNot Optionable TPL Rates by TradingView Receive TPL News and Ratings via Email Sign-up to receive the latest news and ratings for TPL and its competitors with MarketBeat's FREE daily newsletter. Texas Pacific Land Trust (NYSE:TPL) Frequently Asked Questions How has Texas Pacific Land Trust's stock been impacted by COVID-19 (Coronavirus)? Texas Pacific Land Trust'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 shares have increased by 28.3% and is now trading at $586.39. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Texas Pacific Land Trust? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land Trust in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Texas Pacific Land Trust. When is Texas Pacific Land Trust's next earnings date? Texas Pacific Land Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Texas Pacific Land Trust. How were Texas Pacific Land Trust's earnings last quarter? Texas Pacific Land Trust (NYSE:TPL) released its quarterly earnings data on Thursday, April, 30th. The financial services provider reported $7.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $7.19 by $0.21. The financial services provider earned $96.59 million during the quarter, compared to analyst estimates of $93 million. Texas Pacific Land Trust had a return on equity of 53.43% and a net margin of 60.22%. View Texas Pacific Land Trust's earnings history. How often does Texas Pacific Land Trust pay dividends? What is the dividend yield for Texas Pacific Land Trust? Texas Pacific Land Trust announced an annual dividend on Tuesday, February 25th. Investors of record on Monday, March 9th will be paid a dividend of $10.00 per share on Monday, March 16th. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Texas Pacific Land Trust's previous annual dividend of $1.75. View Texas Pacific Land Trust's dividend history. What price target have analysts set for TPL? 1 analysts have issued 1-year price targets for Texas Pacific Land Trust's shares. Their forecasts range from $947.00 to $947.00. On average, they expect Texas Pacific Land Trust's share price to reach $947.00 in the next year. This suggests a possible upside of 61.5% from the stock's current price. View analysts' price targets for Texas Pacific Land Trust. Has Texas Pacific Land Trust been receiving favorable news coverage? News articles about TPL stock have trended very negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Texas Pacific Land Trust earned a coverage optimism score of -3.7 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTexas Pacific Land Trust. Are investors shorting Texas Pacific Land Trust? Texas Pacific Land Trust saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 92,900 shares, an increase of 53.6% from the April 30th total of 60,500 shares. Based on an average daily volume of 53,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.2% of the company's stock are sold short. View Texas Pacific Land Trust's Current Options Chain. Who are some of Texas Pacific Land Trust's key competitors? Some companies that are related to Texas Pacific Land Trust 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) and Marine Petroleum Trust (MARPS). View all competitors. What other stocks do shareholders of Texas Pacific Land Trust own? Based on aggregate information from My MarketBeat watchlists, some companies that other Texas Pacific Land Trust investors own include NVIDIA (NVDA), Adobe (ADBE), Walt Disney (DIS), salesforce.com (CRM), Alibaba Group (BABA), Costco Wholesale (COST), Marathon Petroleum (MPC), Netflix (NFLX), AT&T (T) and AbbVie (ABBV). Who are Texas Pacific Land Trust's key executives? Texas Pacific Land Trust's management team includes the following people: Mr. Tyler Glover, Gen. Agent, CEO & Sec. (Age 34)Mr. Robert J. Packer, Gen. Agent, CFO & Principal Accounting Officer (Age 50) What is Texas Pacific Land Trust's stock symbol? Texas Pacific Land Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPL." Who are Texas Pacific Land Trust's major shareholders? Texas Pacific Land Trust's stock is owned by many different retail and institutional investors. Top institutional shareholders include Horizon Kinetics Asset Management LLC (22.43%), First Manhattan Co. (2.00%), Pacific Heights Asset Management LLC (1.03%), Hodges Capital Management Inc. (0.75%), Mad River Investors (0.73%) and UBS Group AG (0.73%). Company insiders that own Texas Pacific Land Trust stock include David E Barry, Horizon Kinetics Llc, Kinetics Asset Managem Horizon, Maurice Meyer III and Robert J Packer. View institutional ownership trends for Texas Pacific Land Trust. Which major investors are selling Texas Pacific Land Trust stock? TPL stock was sold by a variety of institutional investors in the last quarter, including Horizon Kinetics Asset Management LLC, Hodges Capital Management Inc., Pecaut & CO., UBS Group AG, Russell Investments Group Ltd., GW&K Investment Management LLC, Arosa Capital Management LP, and Voloridge Investment Management LLC. View insider buying and selling activity for Texas Pacific Land Trust. Which major investors are buying Texas Pacific Land Trust stock? TPL stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Tensile Capital Management LLC, Waratah Capital Advisors Ltd., Envestnet Asset Management Inc., First Foundation Advisors, State Street Corp, and Pacific Heights Asset Management LLC. Company insiders that have bought Texas Pacific Land Trust stock in the last two years include David E Barry, Horizon Kinetics Llc, Kinetics Asset Managem Horizon, and Robert J Packer. View insider buying and selling activity for Texas Pacific Land Trust. How do I buy shares of Texas Pacific Land Trust? Shares of TPL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Texas Pacific Land Trust's stock price today? One share of TPL stock can currently be purchased for approximately $586.39. How big of a company is Texas Pacific Land Trust? Texas Pacific Land Trust has a market capitalization of $4.55 billion and generates $490.50 million in revenue each year. The financial services provider earns $318.73 million in net income (profit) each year or $41.38 on an earnings per share basis. Texas Pacific Land Trust employs 64 workers across the globe. What is Texas Pacific Land Trust's official website? The official website for Texas Pacific Land Trust is www.tpltrust.com. How can I contact Texas Pacific Land Trust? Texas Pacific Land Trust'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. This page was last updated on 5/30/2020 by MarketBeat.com Staff
