Texas Pacific Land Trust (NYSE:TPL) Stock Price While Sentiment Dive

June 17, 2018 - By Ash

Texas Pacific Land Trust (NYSE:TPL) Logo

Sentiment for Texas Pacific Land Trust (NYSE:TPL)

Texas Pacific Land Trust (NYSE:TPL) institutional sentiment decreased to 1.18 in Q1 2018. Its down -0.01, from 1.19 in 2017Q4. The ratio worsened, as 46 hedge funds increased and started new stock positions, while 39 sold and decreased positions in Texas Pacific Land Trust. The hedge funds in our partner’s database now possess: 2.90 million shares, up from 2.86 million shares in 2017Q4. Also, the number of hedge funds holding Texas Pacific Land Trust in their top 10 stock positions increased from 7 to 10 for an increase of 3. Sold All: 6 Reduced: 33 Increased: 27 New Position: 19.

Texas Pacific Land Trust holds title to tracts of land in the state of Texas, the United States. The company has market cap of $5.29 billion. It manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. It has a 69.76 P/E ratio. The firm is also involved in the sale of land, gas and oil royalties, and grazing leases of the land.

The stock decreased 2.22% or $15.39 during the last trading session, reaching $678.16. About 24,213 shares traded or 25.66% up from the average. Texas Pacific Land Trust (NYSE:TPL) has risen 138.55% since June 17, 2017 and is uptrending. It has outperformed by 125.98% the S&P500.

Mad River Investors holds 28.19% of its portfolio in Texas Pacific Land Trust for 57,833 shares. Horizon Kinetics Llc owns 1.82 million shares or 26.86% of their US portfolio. Moreover, Lawson Kroeker Investment Management Inc Ne has 10.69% invested in the company for 64,650 shares. The Texas-based First Dallas Securities Inc. has invested 9.8% in the stock. Pacific Heights Asset Management Llc, a California-based fund reported 100,000 shares.

Texas Pacific Land Trust (NYSE:TPL) Institutional Positions Chart

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