Texas Pacific Land Corporation’s Stock Price Skyrockets to $1337.34, Marking a Stellar 3.73% Uptick

Texas Pacific Land Corporation (TPL)

1337.34 USD +48.11 (+3.73%) Volume: 0.07M

Explore the robust performance of Texas Pacific Land Corporation’s stock price, currently standing at 1337.34 USD, witnessing a positive change of +3.73% this trading session, backed by a trading volume of 0.07M. With a promising year-to-date percentage change of +20.92%, TPL’s stock continues to showcase strong growth potential.

Latest developments on Texas Pacific Land Corporation

Leading up to today’s stock price movements, Texas Pacific Land Co. (NYSE:TPL) has seen a flurry of investment activities. Nelson Capital Management LLC made a new investment, while Horizon Kinetics executive purchased $12,855 in stocks. Sprott Inc. boosted its position, Acorn Wealth Advisors LLC invested $224,000, and WESPAC Advisors LLC bought shares. ING Groep NV also acquired new holdings, while New York State Common Retirement Fund holds a $15.77 million stock position. Atria Wealth Solutions Inc. acquired shares, and Edge Capital Group LLC sold 750 shares. Pring Turner Capital Group Inc. sold 1,496 shares, while Y Intercept Hong Kong Ltd took a position. Principal Financial Group Inc. sold shares, and Kentucky Retirement Systems acquired shares. Texas Pacific Land also saw Horizon Kinetics making a $1,377 stock purchase and Allspring Global Investments Holdings LLC purchasing shares. Waverton Investment Management Ltd holds an $8.11 million stock position. In addition, Texas Pacific Land entered into a settlement agreement with SoftVest on July 31, 2019, at 07:30 am EDT.

A look at Texas Pacific Land Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Smartkarma’s Smart Scores indicate a mixed long-term outlook for Texas Pacific Land Corporation. While the company scores moderately in terms of value, dividend, and growth potential, it excels in resilience and momentum. This suggests that Texas Pacific Land Corporation may face challenges in terms of value and dividend payouts, but its strong resilience and momentum could potentially drive its performance in the future.

As the owner of valuable land tracts in Texas with diverse income sources such as land sales, oil and gas royalties, grazing leases, and interest, Texas Pacific Land Corporation is positioned to weather economic uncertainties and capitalize on market opportunities. With a solid foundation in resilience and momentum, the company may continue to thrive and adapt to changing market conditions in the long run.

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