News stories about Texas Pacific Land Trust (NYSE:TPL) have been trending somewhat positive this week, according to Alpha One Sentiment. The research firm, a division of Accern, scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Texas Pacific Land Trust earned a coverage optimism score of 0.24 on Alpha One’s scale. Alpha One also gave news stories about the financial services provider an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.

Shares of Texas Pacific Land Trust (NYSE:TPL) traded up 0.01% during midday trading on Thursday, reaching $282.82. 17,795 shares of the company’s stock were exchanged. The stock has a market cap of $2.24 billion, a P/E ratio of 60.68 and a beta of 0.84. Texas Pacific Land Trust has a one year low of $148.30 and a one year high of $336.83. The company’s 50-day moving average is $282.02 and its 200-day moving average is $291.49.

In other news, CFO Robert J. Packer purchased 100 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was purchased at an average cost of $293.76 per share, for a total transaction of $29,376.00. Following the completion of the transaction, the chief financial officer now owns 100 shares of the company’s stock, valued at $29,376. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.92% of the stock is currently owned by insiders.

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About Texas Pacific Land Trust

Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.

5 Day Chart for NYSE:TPL

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