The stock of Texas Pacific Land Trust (NYSE:TPL) reached all time high today, Oct, 17 and still has $351.45 target or 28.00% above today’s $274.57 share price. This indicates more upside for the $2.23B company. This technical setup was reported by Barchart.com. If the $351.45 PT is reached, the company will be worth $624.40M 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 15,378 shares traded hands. Texas Pacific Land Trust (NYSE:TPL) has risen 86.53% since March 14, 2016 and is uptrending. It has outperformed by 80.92% 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 worsened, 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.
Teacher Retirement Of Texas last reported 1,152 shares in the company. Pnc Finance Services Group Inc holds 11,834 shares or 0% of its portfolio. Deutsche Bank Ag last reported 0% of its portfolio in the stock. Glenmede Trust Na owns 198 shares or 0% of their US portfolio. Lodestar Inv Counsel Il last reported 4,000 shares in the company. Investors Capital Advisory has 2,000 shares for 0.06% of their US portfolio. Steinberg Asset Mgmt accumulated 10,665 shares or 0.31% of the stock. Credit Suisse Ag owns 3,076 shares or 0% of their US portfolio. The California-based Wells Fargo Co Mn has invested 0% in Texas Pacific Land Trust (NYSE:TPL). Moreover, Pecaut & Company has 0.52% invested in Texas Pacific Land Trust (NYSE:TPL) for 2,950 shares. Regentatlantic Cap Limited, a New Jersey-based fund reported 2,200 shares. Us National Bank & Trust De has 33,450 shares for 0.02% of their US portfolio. Brown Advisory Incorporated has invested 0% of its portfolio in Texas Pacific Land Trust (NYSE:TPL). Nelson Van Denburg Campbell Wealth Management Gru Ltd Liability Co holds 0.01% or 100 shares in its portfolio. First Manhattan Communications holds 0.17% of its portfolio in Texas Pacific Land Trust (NYSE:TPL) for 160,606 shares.
More notable recent Texas Pacific Land Trust (NYSE:TPL) news were published by: Seekingalpha.com which released: “Texas Pacific Land Trust Is Slowly Liquidating Itself” on October 16, 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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