Texas Pacific Land (TPL) Stock Price, News & Analysis

2 Wall Street 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 research analysts is that investors should "moderate buy" TPL shares.
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2 brokers have issued 1 year price objectives for Texas Pacific Land's shares. Their TPL share price targets range from $471.33 to $917.00. On average, they expect the company's share price to reach $694.17 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
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Texas Pacific Land's stock was trading at $524.15 at the beginning of the year. Since then, TPL stock has increased by 12.1% and is now trading at $587.79.
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Texas Pacific Land saw a increase in short interest in March. As of March 15th, there was short interest totaling 842,200 shares, an increase of 216.0% from the February 29th total of 266,500 shares. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is presently 36.3 days. Approximately 11.0% of the company's stock are short sold.
View Texas Pacific Land's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our TPL earnings forecast.

Texas Pacific Land will be holding an earnings conference call on Thursday, May 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745172".

Texas Pacific Land Co. (NYSE:TPL) announced its quarterly earnings data on Wednesday, February, 21st. The financial services provider reported $4.91 earnings per share for the quarter, beating the consensus estimate of $4.15 by $0.76. The financial services provider had revenue of $166.66 million for the quarter, compared to analyst estimates of $152.20 million. Texas Pacific Land had a net margin of 64.22% and a trailing twelve-month return on equity of 43.57%.

Texas Pacific Land announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Friday, March 1st will be paid a dividend of $1.1667 per share on Friday, March 15th. This represents a $4.67 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for TPL.

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $4.66 per share and currently has a dividend yield of 0.80%. The dividend payout ratio is 26.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 19.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPL.

ETFs with the largest weight of Texas Pacific Land (NYSE:TPL) stock in their portfolio include Horizon Kinetics Inflation Beneficiaries ETF (INFL), Formidable Fortress ETF (KONG), Horizon Kinetics Energy and Remediation ETF (NVIR), Invesco Dorsey Wright Energy Momentum ETF (PXI), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Global X Guru Index ETF (GURU), Amplify Inflation Fighter ETF (IWIN) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).

Texas Pacific Land's stock split on Wednesday, March 27th 2024. The 3-1 split was announced on Wednesday, March 27th 2024. The newly minted shares were payable to shareholders after the closing bell on Wednesday, March 27th 2024. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

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's stock is owned by a number of institutional and retail investors. Top institutional investors include Hodges Capital Management Inc. (0.34%), Sumitomo Mitsui Trust Holdings Inc. (0.19%), First Dallas Securities Inc. (0.13%), Westwind Capital (0.07%), Los Angeles Capital Management LLC (0.05%) and Wealth Enhancement Advisory Services LLC (0.04%). Insiders that own company stock include Dana F Mcginnis, Donald G Cook, Eric L Oliver, Kinetics Asset Managem Horizon, Micheal W Dobbs, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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