Media coverage about Texas Pacific Land Trust (NYSE:TPL) has trended positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Texas Pacific Land Trust earned a news impact score of 0.26 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.4028014905327 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Separately, ValuEngine lowered shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Texas Pacific Land Trust (NYSE:TPL) opened at $527.45 on Friday. Texas Pacific Land Trust has a one year low of $267.07 and a one year high of $569.99. The stock has a market cap of $4,110.87, a PE ratio of 54.32 and a beta of 1.11.
Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $2.92 earnings per share (EPS) for the quarter. Texas Pacific Land Trust had a net margin of 63.97% and a return on equity of 135.47%. The business had revenue of $38.32 million for the quarter.
The company also recently declared an annual dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 9th were paid a dividend of $1.05 per share. This represents a dividend yield of 0.21%. This is a positive change from Texas Pacific Land Trust’s previous annual dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 8th. Texas Pacific Land Trust’s payout ratio is 10.81%.
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Texas Pacific Land Trust Company Profile
Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.
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