Texas Pacific Land Corporation’s Stock Price Takes a Dive, Sliding to $1254.84 with a 6.91% Drop

Texas Pacific Land Corporation (TPL)

1254.84 USD -93.09 (-6.91%) Volume: 0.15M

Texas Pacific Land Corporation’s stock price stands at 1254.84 USD, experiencing a drop of 6.91% this trading session with a trading volume of 0.15M, despite a year-to-date increase of 13.46%.

Latest developments on Texas Pacific Land Corporation

Today, Texas Pacific Land Corp.’s stock performance lagged behind its competitors as various insider purchases and investments were reported. Notably, Clare Market Investments LLC invested $11.94 million in the company, while Raymond James Financial Inc. bought 37,346 shares. On the other hand, Sequoia Financial Advisors LLC reduced its stock position in Texas Pacific Land. Murray Stahl, representing the company, reported stock purchases totaling $13,683, with PNC Financial Services Group Inc. holding $49.70 million in Texas Pacific Land. Mutual of America Capital Management LLC trimmed its position, while Fisher Asset Management LLC acquired a new position. EagleClaw Capital Management LLC cut its position, and Kendall Capital Management bought 210 shares. AMF Tjanstepension AB made a new investment, and Charles Schwab Investment Management Inc. purchased shares. Sage Mountain Advisors LLC also bought shares, and Horizon Kinetics reported $13,763 in stock purchases. Exencial Wealth Advisors LLC invested $219,000, and Bank Julius Baer & Co. Ltd Zurich acquired 3,000 shares in Texas Pacific Land Co.

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

Based on the Smartkarma Smart Scores, Texas Pacific Land Corporation shows a mixed outlook. With a Value score of 2, Dividend score of 2, and Growth score of 2, the company may not be seen as particularly strong in these areas. However, Texas Pacific Land excels in Resilience with a score of 5, indicating a strong ability to withstand economic challenges. Additionally, the company scores high in Momentum with a score of 5, suggesting positive market momentum. Overall, Texas Pacific Land Corporation’s long-term outlook appears to be promising, especially in terms of resilience and momentum.

Texas Pacific Land Corporation, owning land tracts in Texas previously owned by the Texas and Pacific Railway Co., generates income from various sources including land sales, oil and gas royalties, grazing leases, and interest. Despite mixed scores in Value, Dividend, and Growth, the company’s high scores in Resilience and Momentum indicate a strong foundation for future growth and stability. Investors may find Texas Pacific Land Corporation to be a potentially attractive long-term investment option given its ability to weather economic challenges and positive market momentum.

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