Texas Pacific Land Trust (TPL) Reaches New 1-Year High and Low at $707.00

Texas Pacific Land Trust (NYSE:TPL)’s share price hit a new 52-week high and low on Monday . The stock traded as low as $707.00 and last traded at $706.93, with a volume of 170 shares changing hands. The stock had previously closed at $693.34.

Separately, ValuEngine raised shares of Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.

The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 48.81 and a beta of 1.05.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings results on Monday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter. The business had revenue of $26.55 million for the quarter. Texas Pacific Land Trust had a net margin of 78.14% and a return on equity of 143.43%.

Several institutional investors have recently added to or reduced their stakes in TPL. Landscape Capital Management L.L.C. bought a new stake in shares of Texas Pacific Land Trust during the fourth quarter valued at approximately $201,000. Oxbow Advisors LLC bought a new stake in shares of Texas Pacific Land Trust during the first quarter valued at approximately $202,000. Bessemer Group Inc. bought a new stake in shares of Texas Pacific Land Trust during the fourth quarter valued at approximately $223,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Texas Pacific Land Trust during the fourth quarter valued at approximately $239,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Texas Pacific Land Trust during the first quarter valued at approximately $240,000. Hedge funds and other institutional investors own 39.91% of the company’s stock.

Texas Pacific Land Trust Company Profile

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

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