Texas Pacific Land Trust (TPL) Rating Lowered to Hold at ValuEngine

Texas Pacific Land Trust (NYSE:TPL) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, BidaskClub raised shares of Texas Pacific Land Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th.

Texas Pacific Land Trust (TPL) opened at $404.21 on Friday. The stock has a market cap of $3,196.45, a PE ratio of 46.71 and a beta of 0.92. Texas Pacific Land Trust has a one year low of $259.00 and a one year high of $434.99.

Texas Pacific Land Trust (NYSE:TPL) last issued its earnings results on Monday, October 30th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter. The company had revenue of $42.50 million for the quarter. Texas Pacific Land Trust had a net margin of 69.87% and a return on equity of 133.04%.

A number of hedge funds have recently made changes to their positions in the business. EagleClaw Capital Managment LLC raised its holdings in Texas Pacific Land Trust by 52.8% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 8,505 shares of the financial services provider’s stock worth $3,423,000 after buying an additional 2,940 shares during the period. Moors & Cabot Inc. raised its holdings in Texas Pacific Land Trust by 34.3% during the 3rd quarter. Moors & Cabot Inc. now owns 5,097 shares of the financial services provider’s stock worth $2,054,000 after buying an additional 1,302 shares during the period. Neuberger Berman Group LLC acquired a new stake in Texas Pacific Land Trust during the 3rd quarter worth approximately $202,000. California Public Employees Retirement System raised its holdings in Texas Pacific Land Trust by 2.1% during the 3rd quarter. California Public Employees Retirement System now owns 20,410 shares of the financial services provider’s stock worth $8,248,000 after buying an additional 410 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Texas Pacific Land Trust during the 3rd quarter worth approximately $292,000. Hedge funds and other institutional investors own 39.94% of the company’s stock.

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Texas Pacific Land Trust Company Profile

Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.

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