KeyCorp Increases Earnings Estimates for Texas Pacific Land

Texas Pacific Land Corporation (NYSE:TPL) – Stock analysts at KeyCorp raised their Q2 2026 EPS estimates for Texas Pacific Land in a research note issued on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the financial services provider will earn $2.14 per share for the quarter, up from their prior forecast of $2.10. KeyCorp has a “Overweight” rating and a $639.00 price objective on the stock. The consensus estimate for Texas Pacific Land’s current full-year earnings is $8.88 per share. KeyCorp also issued estimates for Texas Pacific Land’s Q3 2026 earnings at $2.35 EPS, Q4 2026 earnings at $2.32 EPS and FY2026 earnings at $8.88 EPS.

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

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded Texas Pacific Land from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Weiss Ratings upgraded Texas Pacific Land from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Finally, Zacks Research downgraded Texas Pacific Land from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Pacific Land has a consensus rating of “Hold” and a consensus price target of $639.00.

Texas Pacific Land Stock Down 0.1%

Texas Pacific Land stock opened at $389.54 on Monday. The firm has a market cap of $26.87 billion, a PE ratio of 53.36 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. The company’s 50 day moving average is $420.36 and its two-hundred day moving average is $392.43.

Hedge Funds Weigh In On Texas Pacific Land

Large investors have recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC raised its holdings in Texas Pacific Land by 194.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 10,333,762 shares of the financial services provider’s stock worth $2,968,063,000 after purchasing an additional 6,829,070 shares in the last quarter. Vanguard Group Inc. increased its position in Texas Pacific Land by 192.8% during the 4th quarter. Vanguard Group Inc. now owns 7,556,966 shares of the financial services provider’s stock worth $2,170,512,000 after purchasing an additional 4,975,738 shares during the period. State Street Corp increased its position in Texas Pacific Land by 206.8% during the 4th quarter. State Street Corp now owns 3,587,004 shares of the financial services provider’s stock worth $1,030,259,000 after purchasing an additional 2,417,705 shares during the period. Geode Capital Management LLC raised its stake in shares of Texas Pacific Land by 203.7% during the 4th quarter. Geode Capital Management LLC now owns 1,759,107 shares of the financial services provider’s stock worth $503,581,000 after buying an additional 1,179,788 shares in the last quarter. Finally, SoftVest Advisors LLC lifted its holdings in shares of Texas Pacific Land by 200.0% in the 4th quarter. SoftVest Advisors LLC now owns 1,180,800 shares of the financial services provider’s stock valued at $339,149,000 after buying an additional 787,200 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Dividend Announcement

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

Texas Pacific Land Company Profile

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.