The stock of Texas Pacific Land Trust (NYSE:TPL) reached all time high today, Oct, 11 and still has $394.13 target or 53.00% above today’s $257.60 share price. This indicates more upside for the $2.08B company. This technical setup was reported by Barchart.com. If the $394.13 PT is reached, the company will be worth $1.10 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 2,251 shares traded hands. Texas Pacific Land Trust (NYSE:TPL) has risen 77.02% since March 8, 2016 and is uptrending. It has outperformed by 67.71% 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.
Brown Advisory Incorporated accumulated 0% or 6,925 shares. Ubs Asset Americas holds 0% or 3,413 shares in its portfolio. Regentatlantic Limited Liability Company has 2,200 shares for 0.04% of their US portfolio. Nelson Van Denburg Campbell Wealth Grp Ltd Liability last reported 100 shares in the company. Envestnet Asset Mgmt holds 0% or 1,500 shares in its portfolio. Raymond James And Associates, a Florida-based fund reported 4,100 shares. Fifth Third Savings Bank holds 0% of its portfolio in Texas Pacific Land Trust (NYSE:TPL) for 1,775 shares. Wells Fargo & Company Mn has 41,494 shares for 0% of their US portfolio. Pnc Fincl Group, a Pennsylvania-based fund reported 11,834 shares. Hendershot Invs owns 1,650 shares or 0.14% of their US portfolio. Bank Of Montreal Can accumulated 1,301 shares or 0% of the stock. Mad River Invsts last reported 8.84% of its portfolio in the stock. Credit Suisse Ag has 3,076 shares for 0% of their US portfolio. Gsa Cap Prtnrs Ltd Liability Partnership has invested 0.04% of its portfolio in Texas Pacific Land Trust (NYSE:TPL). Hodges Cap Mngmt accumulated 431,500 shares or 3.53% of the stock.
More notable recent Texas Pacific Land Trust (NYSE:TPL) news were published by: Dallasnews.com which released: “Texas Pacific Land Trust: trying to go out of business since 1888” on October 11, 2016, also Marketwatch.com with their article: “Texas Pacific Land Trust Sub Share Ctf” published on December 21, 2009, Reuters.com published: “Texas Pacific Land Trust (TPL.N)” on May 23, 2008. More interesting news about Texas Pacific Land Trust (NYSE:TPL) were released by: Seekingalpha.com and their article: “Texas Pacific Land Trust, A Good Value” published on August 04, 2016 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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