Texas Pacific Land Trust (TPL) Upgraded to Buy at ValuEngine
ValuEngine upgraded shares of Texas Pacific Land Trust (NYSE:TPL) from a hold rating to a buy rating in a report issued on Thursday.
Shares of Texas Pacific Land Trust (NYSE TPL) opened at $520.06 on Thursday. Texas Pacific Land Trust has a one year low of $259.00 and a one year high of $569.99. The firm has a market cap of $4,076.75, a P/E ratio of 53.56 and a beta of 1.11.
Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $2.92 earnings per share (EPS) for the quarter. The business had revenue of $38.32 million during the quarter. Texas Pacific Land Trust had a net margin of 59.77% and a return on equity of 124.82%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Arlington Partners LLC bought a new position in Texas Pacific Land Trust in the 4th quarter valued at approximately $1,608,000. Janney Montgomery Scott LLC bought a new position in Texas Pacific Land Trust in the 3rd quarter valued at approximately $292,000. Lagoda Investment Management L.P. raised its holdings in Texas Pacific Land Trust by 102.7% in the 3rd quarter. Lagoda Investment Management L.P. now owns 19,930 shares of the financial services provider’s stock valued at $8,054,000 after buying an additional 10,097 shares during the last quarter. Alps Advisors Inc. bought a new position in Texas Pacific Land Trust in the 3rd quarter valued at approximately $502,000. Finally, EagleClaw Capital Managment LLC raised its holdings in Texas Pacific Land Trust by 52.8% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 8,505 shares of the financial services provider’s stock valued at $3,423,000 after buying an additional 2,940 shares during the last quarter. Institutional investors and hedge funds own 38.59% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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