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NYSE:TPL

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

$572.62
-3.71 (-0.64%)
(As of 10:15 AM ET)
Today's Range
$571.49
$579.39
50-Day Range
$471.05
$576.33
52-Week Range
$422.07
$666.67
Volume
19,114 shs
Average Volume
70,352 shs
Market Capitalization
$4.39 billion
P/E Ratio
10.85
Dividend Yield
2.44%
Price Target
$471.33

Texas Pacific Land MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
18.2% Downside
$471.33 Price Target
Short Interest
Bearish
10.99% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Texas Pacific Land in the last 14 days
Based on 11 Articles This Week
Insider Trading
Acquiring Shares
$348,313 Bought Last Quarter
Proj. Earnings Growth
21.31%
From $58.60 to $71.09 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.

1.87 out of 5 stars

Oils/Energy Sector

226th out of 242 stocks

Oil Royalty Traders Industry

4th out of 4 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

the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Texas Pacific Land (NYSE:TPL) Upgraded by StockNews.com to Buy
Texas Pacific Land (TPL) Receives a Hold from Stifel Nicolaus
That One Chart I Cannot Stop Thinking About
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
Should You Hold Texas Pacific Land Corporation (TPL)?
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
3/28/2024
Next Earnings (Estimated)
5/01/2024
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
$471.33
High Stock Price Target
$471.33
Low Stock Price Target
$471.33
Potential Upside/Downside
-18.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$405.64 million
Pretax Margin
81.94%

Debt

Sales & Book Value

Annual Sales
$631.59 million
Cash Flow
$18.80 per share
Book Value
$135.92 per share

Miscellaneous

Free Float
6,131,000
Market Cap
$4.42 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?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TPL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPL, but not buy additional shares or sell existing shares.
View TPL analyst ratings
or view top-rated stocks.

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

1 brokers have issued 1-year price targets for Texas Pacific Land's stock. Their TPL share price targets range from $471.33 to $471.33. On average, they expect the company's stock price to reach $471.33 in the next year. This suggests that the stock has a possible downside of 18.2%.
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 10.0% and is now trading at $576.33.
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 trading volume of 23,200 shares, the short-interest ratio is presently 36.3 days. Approximately 11.0% of the shares of the company 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 1st 2024.
View our TPL earnings forecast
.

How were Texas Pacific Land's earnings last quarter?

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

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

Texas Pacific Land announced a quarterly dividend on Tuesday, February 13th. Stockholders 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 annualized dividend and a yield of 0.81%. 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 $14.00 per share and currently has a dividend yield of 0.83%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 19.69% 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's stock split on Wednesday, March 27th 2024. The 3-1 split was announced on Wednesday, March 27th 2024. The newly created 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 investors include Horizon Kinetics Asset Management LLC (17.44%), Vanguard Group Inc. (8.27%), Vanguard Group Inc. (8.27%), Schwartz Investment Counsel Inc. (0.87%), Legal & General Group Plc (0.62%) and Northern Trust Corp (0.62%). 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 3/28/2024 by MarketBeat.com Staff

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