Last $133.32 USD
Change Today +4.82 / 3.75%
Volume 8.9K
TPL On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

texas pacific land trust (TPL) Snapshot

Open
$128.15
Previous Close
$128.50
Day High
$133.54
Day Low
$128.15
52 Week High
02/26/14 - $147.80
52 Week Low
04/22/13 - $70.05
Market Cap
1.1B
Average Volume 10 Days
7.8K
EPS TTM
$3.16
Shares Outstanding
8.5M
EX-Date
03/4/14
P/E TM
42.2x
Dividend
$0.27
Dividend Yield
0.20%
Current Stock Chart for TEXAS PACIFIC LAND TRUST (TPL)

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texas pacific land trust (TPL) Details

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. It manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. The company is also involved in the sale of land, oil and gas royalties, and grazing leases of the land. As of February 15, 2014, it owned the surface estate in 911,217 acres of land comprising various separate tracts located in 18 counties in the western part of Texas. The company also owned a 1/128 nonparticipating perpetual oil and gas royalty interest under 85,414 acres of land, as well as a 1/16 nonparticipating perpetual oil and gas royalty interest under 373,777 acres of land in the western part of Texas. Texas Pacific Land Trust was founded in 1888 and is based in Dallas, Texas.

8 Employees
Last Reported Date: 02/28/14
Founded in 1888

texas pacific land trust (TPL) Top Compensated Officers

Chief Executive Officer, Chief Financial Offi...
Total Annual Compensation: $210.9K
Compensation as of Fiscal Year 2013.

texas pacific land trust (TPL) Key Developments

Texas Pacific Land Trust Announces Annual Dividend, Payable March 14, 2014

Texas Pacific Land Trust announced that its Board of Trustees has declared a cash dividend of 27 cents per sub-share payable March 14, 2014 to shareholders of record on March 6, 2014. This is the 11th consecutive year that the regular dividend has been increased.

Texas Pacific Land Trust Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Texas Pacific Land Trust reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income of $7,519,106 or $0.88 per sub share on rentals, royalties and other income of $11,623,283 against net income of $4,113,797 or $0.47 per sub share on rentals, royalties and other income of $7,276,793 a year ago. Total income was $12,503,683 compared to $7,276,793 a year ago. For the full year, the company reported net income of $27,218,508 or $3.16 per sub share on rentals, royalties and other income of $37,707,491 against net income of $19,647,818 or $2.20 per sub share on rentals, royalties and other income of $26,797,144 a year ago. Total income was $44,121,079 compared to $32,606,891 a year ago.

Texas Pacific Land Trust Announces Management Changes

On November 13, 2013, Roy Thomas, General Agent and Chief Executive Officer of Texas Pacific Land Trust informed the trust that he intends to retire from those positions effective December 31, 2013. On November 13, 2013, David M. Peterson, age 48, was appointed General Agent and Chief Executive Officer of the trust, effective January 1, 2014. Mr. Peterson has served as Assistant General Agent of the trust since January, 1997 and as Chief Financial Officer since November, 2002. Mr. Peterson will continue to serve as Chief Financial Officer of the trust until a successor is appointed to that position.

 

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TPL

Industry Average

Valuation TPL Industry Range
Price/Earnings 42.1x
Price/Sales 25.7x
Price/Book 63.0x
Price/Cash Flow 41.9x
TEV/Sales 25.5x
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