The stock of Texas Pacific Land Trust (NYSE:TPL) reached all time high today, Sep, 30 and still has $375.69 target or 58.00% above today’s $237.78 share price. This indicates more upside for the $1.92 billion company. This technical setup was reported by Barchart.com. If the $375.69 PT is reached, the company will be worth $1.11 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 20,861 shares traded hands. Texas Pacific Land Trust (NYSE:TPL) has risen 75.86% since February 26, 2016 and is uptrending. It has outperformed by 65.44% the S&P500.
Analysts await Texas Pacific Land Trust (NYSE:TPL) to report earnings on November, 3.
According to Zacks Investment Research, “Texas Pacific Land Trust conducts business through the sale and lease of lands owned by the company, retaining oil and gas royalties, temporary cash investments and the overall management of the land owned by Texas Pacific.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.26, from 1.26 in 2016Q1. The ratio turned negative, as 6 funds sold all Texas Pacific Land Trust shares owned while 19 reduced positions. 8 funds bought stakes while 17 increased positions. They now own 3.06 million shares or 1.13% less from 3.09 million shares in 2016Q1.
Wfg Advsr L P has 0.03% invested in the company for 582 shares. Ladenburg Thalmann Financial Inc accumulated 0% or 280 shares. National Bank Of Montreal Can last reported 1,301 shares in the company. Pnc Svcs Group Inc holds 11,834 shares or 0% of its portfolio. Savings Bank Of New York Mellon owns 15,564 shares or 0% of their US portfolio. First Dallas Secs last reported 45,778 shares in the company. The United Kingdom-based Gsa Ltd Liability Partnership has invested 0.04% in Texas Pacific Land Trust (NYSE:TPL). Teachers Advisors Inc has 15,957 shares for 0% of their US portfolio. Hendershot Invs accumulated 1,650 shares or 0.14% of the stock. Moreover, Alexandria Limited Com has 0% invested in Texas Pacific Land Trust (NYSE:TPL) for 20 shares. Moreover, Barclays Public Ltd has 0% invested in Texas Pacific Land Trust (NYSE:TPL) for 154 shares. Us Natl Bank De owns 33,450 shares or 0.02% of their US portfolio. The New York-based Pinnacle Assoc Limited has invested 0.01% in Texas Pacific Land Trust (NYSE:TPL). Lodestar Invest Counsel Lc Il has 4,000 shares for 0.1% of their US portfolio. Camarda Fincl Advsrs Ltd Liability Com accumulated 500 shares or 0.05% of the stock.
More notable recent Texas Pacific Land Trust (NYSE:TPL) news were published by: Marketwatch.com which released: “Texas Pacific Land Trust Sub Share Ctf” on December 21, 2009, also Reuters.com with their article: “Texas Pacific Land Trust (TPL.N)” published on May 23, 2008, Seekingalpha.com published: “Texas Pacific Land Trust, A Good Value” on August 04, 2016. More interesting news about Texas Pacific Land Trust (NYSE:TPL) were released by: Seekingalpha.com and their article: “Texas Pacific Land Trust – Land For Sale At A Discount” published on November 29, 2015 as well as Businesswire.com‘s news article titled: “Texas Pacific Land Trust Second Quarter Earnings Release (Unaudited)” with publication date: February 01, 2008.
TPL Company Profile
Texas Pacific Land Trust (the Trust), incorporated in 1888, is engaged in managing land, including royalty interests, for the benefit of its owners. The Trust operates through managing the land segment, including sales and leases of such land, and the retention of gas and oil royalties. It holds title to tracts of land in various West Texas counties. The Trust’s income is derived primarily from land sales, gas and oil royalties, easements, grazing and sundry leases, interest on notes receivable and interest on investments. The Trust is a passive seller of land and do not actively solicit sales of land.
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