KeyCorp Forecasts Stronger Earnings for Texas Pacific Land

Texas Pacific Land Corporation (NYSE:TPL) – Analysts at KeyCorp upped their Q1 2026 EPS estimates for shares of Texas Pacific Land in a report released on Wednesday, April 1st. KeyCorp analyst T. Rezvan now expects that the financial services provider will earn $2.03 per share for the quarter, up from their previous estimate of $1.88. KeyCorp currently has a “Overweight” rating and a $639.00 target price on the stock. KeyCorp also issued estimates for Texas Pacific Land’s Q2 2026 earnings at $2.39 EPS, Q3 2026 earnings at $2.41 EPS, Q4 2026 earnings at $2.44 EPS, FY2026 earnings at $9.27 EPS, Q1 2027 earnings at $2.52 EPS, Q2 2027 earnings at $2.54 EPS, Q3 2027 earnings at $2.56 EPS, Q4 2027 earnings at $2.62 EPS and FY2027 earnings at $10.24 EPS.

Other analysts have also issued reports about the stock. Wall Street Zen raised shares of Texas Pacific Land from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Texas Pacific Land in a research report on Friday, March 27th. One equities 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. Based on data from MarketBeat.com, Texas Pacific Land currently has an average rating of “Hold” and an average price target of $639.00.

Texas Pacific Land Stock Down 0.8%

Texas Pacific Land stock traded down $3.57 during midday trading on Tuesday, reaching $445.30. The stock had a trading volume of 125,524 shares, compared to its average volume of 506,695. Texas Pacific Land has a 52-week low of $269.23 and a 52-week high of $547.20. The firm has a market cap of $30.70 billion, a price-to-earnings ratio of 63.83 and a beta of 0.76. The company has a fifty day moving average of $466.15 and a 200 day moving average of $363.67.

Texas Pacific Land (NYSE:TPL) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.06. Texas Pacific Land had a net margin of 60.31% and a return on equity of 36.18%. The firm had revenue of $211.60 million for the quarter, compared to analysts’ expectations of $204.00 million.

Texas Pacific Land Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.60 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 0.5%. This is an increase from Texas Pacific Land’s previous quarterly dividend of $0.53. Texas Pacific Land’s payout ratio is currently 34.38%.

Insider Transactions at Texas Pacific Land

In other Texas Pacific Land news, CAO Stephanie Buffington sold 1,608 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $503.00, for a total value of $808,824.00. Following the transaction, the chief accounting officer directly owned 2,133 shares in the company, valued at $1,072,899. This represents a 42.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna E. Epps bought 895 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was bought at an average price of $510.45 per share, for a total transaction of $456,852.75. Following the completion of the purchase, the director directly owned 2,921 shares in the company, valued at approximately $1,491,024.45. This represents a 44.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 6.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Pacific Land

A number of hedge funds have recently added to or reduced their stakes in TPL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Texas Pacific Land by 39.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,940 shares of the financial services provider’s stock worth $2,570,000 after acquiring an additional 545 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Texas Pacific Land by 74.1% during the first quarter. NewEdge Advisors LLC now owns 914 shares of the financial services provider’s stock valued at $1,211,000 after purchasing an additional 389 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Texas Pacific Land by 40.8% during the first quarter. Woodline Partners LP now owns 1,592 shares of the financial services provider’s stock valued at $2,109,000 after purchasing an additional 461 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Texas Pacific Land by 21.4% during the second quarter. EverSource Wealth Advisors LLC now owns 68 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 12 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Texas Pacific Land by 10.0% during the second quarter. Guggenheim Capital LLC now owns 1,295 shares of the financial services provider’s stock valued at $1,368,000 after purchasing an additional 118 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.

Key Headlines Impacting Texas Pacific Land

Here are the key news stories impacting Texas Pacific Land this week:

• Positive Sentiment: KeyCorp sharply raised EPS forecasts across 2026–2027 (Q1–Q4 2026 and Q1–Q4 2027 and FY2026/FY2027), boosting FY2026 to $9.27 (from $7.83) and FY2027 to $10.24, and maintained an “Overweight” rating with a $639 target — a clear upward revision to earnings expectations and valuation support. KeyCorp estimate raises / MarketBeat listing
• Neutral Sentiment: Media/TV attention: Jim Cramer highlighted TPL as one of the S&P 500’s stronger Q1 performers but also flagged recent short‑term weakness — this keeps the name in the spotlight and may increase trading volume/volatility without a clear directional impulse. Jim Cramer Highlights Texas Pacific Land
• Negative Sentiment: Critical analysis: A Seeking Alpha piece titled “Texas Pacific Land: Something Doesn’t Add Up” raises questions about aspects of the business/valuation, which can pressure sentiment and prompt profit‑taking or cautious positioning despite analyst upgrades. Texas Pacific Land: Something Doesn’t Add Up

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.