S&P 500   4,967.23
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QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
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3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
NYSE:TPL

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

$582.82
+0.42 (+0.07%)
(As of 04/19/2024 ET)
Today's Range
$578.48
$589.07
50-Day Range
$471.05
$606.57
52-Week Range
$422.07
$666.67
Volume
63,072 shs
Average Volume
72,636 shs
Market Capitalization
$13.41 billion
P/E Ratio
33.14
Dividend Yield
0.80%
Price Target
$694.17

Texas Pacific Land MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
19.1% Upside
$694.17 Price Target
Short Interest
Healthy
3.07% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of Texas Pacific Land in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$318,196 Bought Last Quarter
Proj. Earnings Growth
14.38%
From $20.72 to $23.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.53 out of 5 stars

Oils/Energy Sector

88th out of 227 stocks

Oil Royalty Traders Industry

1st out of 5 stocks

TPL stock logo

About Texas Pacific Land Stock (NYSE:TPL)

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres, total of approximately 195,000 NRA located in the western part of Texas. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in West Texas. This segment also engages in easements, such as transporting oil, gas and related hydrocarbons, power line and utility, and subsurface wellbore easements. In addition, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche, sand, and other material, as well as sells land. The Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. This segment also holds produced water royalties. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.

TPL Stock Price History

TPL Stock News Headlines

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Texas Pacific Land (NYSE:TPL) Trading Up 4.2%
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Texas Pacific Land (TPL) Receives a Hold from Stifel Nicolaus
That One Chart I Cannot Stop Thinking About
Should You Hold Texas Pacific Land Corporation (TPL)?
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Today
4/20/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil royalty traders
Sub-Industry
N/A
Employees
100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$694.17
High Stock Price Target
$917.00
Low Stock Price Target
$471.33
Potential Upside/Downside
+19.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$405.64 million
Pretax Margin
81.94%

Debt

Sales & Book Value

Annual Sales
$631.60 million
Cash Flow
$18.19 per share
Book Value
$45.31 per share

Miscellaneous

Free Float
18,395,000
Market Cap
$13.41 billion
Optionable
Not Optionable
Beta
1.60

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TPL Stock Analysis - Frequently Asked Questions

Should I buy or sell Texas Pacific Land stock right now?

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 "moderate buy" TPL shares.
View TPL analyst ratings
or view top-rated stocks.

What is Texas Pacific Land's stock price target for 2024?

2 brokerages have issued 12-month price targets for Texas Pacific Land's stock. Their TPL share price targets range from $471.33 to $917.00. On average, they anticipate the company's stock price to reach $694.17 in the next year. This suggests a possible upside of 19.1% from the stock's current price.
View analysts price targets for TPL
or view top-rated stocks among Wall Street analysts.

How have TPL shares performed in 2024?

Texas Pacific Land's stock was trading at $524.15 at the start of the year. Since then, TPL stock has increased by 11.2% and is now trading at $582.82.
View the best growth stocks for 2024 here
.

Are investors shorting Texas Pacific Land?

Texas Pacific Land saw a increase in short interest in the month of 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 daily volume of 23,200 shares, the days-to-cover ratio is currently 36.3 days. Currently, 11.0% of the company's shares are sold short.
View Texas Pacific Land's Short Interest
.

When is Texas Pacific Land's next earnings date?

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

How can I listen to Texas Pacific Land's earnings call?

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".

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) released its quarterly earnings data on Wednesday, February, 21st. The financial services provider reported $4.91 EPS for the quarter, beating analysts' consensus estimates of $4.15 by $0.76. The financial services provider earned $166.66 million during the quarter, compared to analysts' expectations 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%.

How often does Texas Pacific Land pay dividends? What is the dividend yield for Texas Pacific Land?

Texas Pacific Land declared 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 0.80%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for TPL
.

Is Texas Pacific Land a good dividend stock?

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.

When did Texas Pacific Land's stock split?

Texas Pacific Land shares split on the morning of Wednesday, March 27th 2024. The 3-1 split was announced on Wednesday, March 27th 2024. The newly issued 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.

What other stocks do shareholders of Texas Pacific Land own?

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).

Who are Texas Pacific Land's major shareholders?

Texas Pacific Land's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Mad River Investors (0.44%), Hodges Capital Management Inc. (0.34%), Sumitomo Mitsui Trust Holdings Inc. (0.19%), First Dallas Securities Inc. (0.13%), Westwind Capital (0.07%) and Los Angeles Capital Management LLC (0.05%). 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.
View institutional ownership trends
.

How do I buy shares of Texas Pacific Land?

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.
Compare Top Brokerages Here.

This page (NYSE:TPL) was last updated on 4/20/2024 by MarketBeat.com Staff

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