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

2 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" TPL shares.
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2 Wall Street research analysts have issued 12 month price objectives for Texas Pacific Land's shares. 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 18.7% from the stock's current price.
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Texas Pacific Land's stock was trading at $524.15 at the start of the year. Since then, TPL stock has increased by 11.6% and is now trading at $584.96.
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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 daily trading volume, of 23,200 shares, the short-interest ratio is presently 36.3 days. Approximately 11.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our TPL earnings forecast.

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

Texas Pacific Land announced a quarterly dividend on Tuesday, February 13th. Investors of record on Friday, March 1st will be given a dividend of $1.1667 per share on Friday, March 15th. This represents a $4.67 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for TPL.

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $4.67 per share and currently has a dividend yield of 0.80%. The dividend payout ratio is 26.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 19.70% 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 shares split before market open on Wednesday, March 27th 2024. The 3-1 split was announced on Wednesday, March 27th 2024. The newly created shares were distributed to shareholders after the market closes 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 many different institutional and retail investors. Top institutional shareholders include Hodges Capital Management Inc. (0.34%), First Dallas Securities Inc. (0.13%), Westwind Capital (0.07%), Los Angeles Capital Management LLC (0.05%), Wealth Enhancement Advisory Services LLC (0.04%) and Viking Fund Management 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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