KeyCorp Predicts Weaker Earnings for Texas Pacific Land

Texas Pacific Land Corporation (NYSE:TPL) – Equities researchers at KeyCorp cut their Q2 2027 earnings estimates for shares of Texas Pacific Land in a research note issued to investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now anticipates that the financial services provider will post earnings per share of $2.37 for the quarter, down from their prior estimate of $2.54. KeyCorp currently has a “Overweight” rating and a $639.00 target price on the stock. The consensus estimate for Texas Pacific Land’s current full-year earnings is $9.27 per share. KeyCorp also issued estimates for Texas Pacific Land’s Q3 2027 earnings at $2.39 EPS and FY2027 earnings at $9.64 EPS.

A number of other analysts have also recently commented on the stock. Zacks Research cut shares of Texas Pacific Land from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings upgraded shares of Texas Pacific Land from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Texas Pacific Land from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $639.00.

Texas Pacific Land Stock Up 0.1%

TPL stock opened at $407.06 on Friday. The firm has a 50 day moving average of $423.19 and a 200 day moving average of $391.93. The stock has a market capitalization of $28.07 billion, a PE ratio of 55.76 and a beta of 0.61. Texas Pacific Land has a 52 week low of $269.23 and a 52 week high of $547.20.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.04. The business had revenue of $236.80 million for the quarter, compared to analysts’ expectations of $233.00 million. Texas Pacific Land had a net margin of 60.03% and a return on equity of 35.52%.

Institutional Trading of Texas Pacific Land

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its position in Texas Pacific Land by 363.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 88 shares of the financial services provider’s stock valued at $25,000 after buying an additional 69 shares during the period. Summit Securities Group LLC grew its position in Texas Pacific Land by 171.9% during the fourth quarter. Summit Securities Group LLC now owns 87 shares of the financial services provider’s stock valued at $25,000 after buying an additional 55 shares during the period. IFP Advisors Inc grew its position in Texas Pacific Land by 185.3% during the fourth quarter. IFP Advisors Inc now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 63 shares during the period. Quarry LP acquired a new stake in Texas Pacific Land during the third quarter valued at $29,000. Finally, Eagle Bay Advisors LLC acquired a new stake in Texas Pacific Land during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, June 1st. Texas Pacific Land’s dividend payout ratio is currently 32.88%.

About Texas Pacific Land

Texas Pacific Land Corporation (NYSE: TPL) is a Texas-based land management company that derives revenue from the ownership and stewardship of large tracts of land and associated mineral rights in West Texas. The company’s origins trace to 19th century land grants associated with the Texas and Pacific Railway; over time those grant holdings have been retained and managed as a standalone corporate asset base. Texas Pacific Land is publicly listed and operates as a landowner and resource manager rather than as a traditional oil and gas producer.

The company’s primary activities include management of surface rights and leasing of land for energy and other commercial uses, administration of mineral royalty interests, and provision of water and related services to industrial customers.