Texas Pacific Land (NYSE:TPL – Get Rating)‘s stock had its “maintains” rating reiterated by research analysts at 1-800-FLOWERS.COM in a report issued on Monday, Benzinga reports.
Other equities analysts also recently issued reports about the stock. Stifel Nicolaus lowered their price objective on shares of Texas Pacific Land from $1,399.00 to $1,378.00 in a research note on Monday. StockNews.com began coverage on shares of Texas Pacific Land in a research note on Thursday, May 18th. They set a “hold” rating for the company.
Texas Pacific Land Stock Down 0.8 %
Texas Pacific Land stock opened at $1,354.20 on Monday. The company has a market capitalization of $10.41 billion, a PE ratio of 24.02 and a beta of 1.87. The firm has a fifty day simple moving average of $1,562.92 and a two-hundred day simple moving average of $1,978.64. Texas Pacific Land has a twelve month low of $1,325.33 and a twelve month high of $2,739.00.
Hedge Funds Weigh In On Texas Pacific Land
Institutional investors have recently bought and sold shares of the stock. VitalStone Financial LLC bought a new position in Texas Pacific Land in the fourth quarter worth about $30,000. Pacer Advisors Inc. purchased a new stake in Texas Pacific Land in the fourth quarter worth about $33,000. Kalos Management Inc. purchased a new stake in Texas Pacific Land in the first quarter worth about $26,000. Point72 Asset Management L.P. purchased a new stake in Texas Pacific Land in the fourth quarter worth about $42,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in Texas Pacific Land by 250.0% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 15 shares during the period. 58.95% of the stock is owned by institutional investors.
Texas Pacific Land Company Profile
Texas Pacific Land Corp. operates as a landowner in the State of Texas. Its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of the firm’s land, revenue for sales of materials used in the construction of infrastructure, providing sourced water and treated produced water, revenue from its oil and gas royalty interests, and revenues related to saltwater disposal on land.
- Get a free copy of the StockNews.com research report on Texas Pacific Land (TPL)
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