Texas Pacific Land Corporation’s Stock Price Plummets to $1273.15, Down by 7.17%

Texas Pacific Land Corporation (TPL)

1273.15 USD -98.33 (-7.17%) Volume: 0.4M

Explore Texas Pacific Land Corporation’s stock price performance, currently trading at 1273.15 USD, experiencing a -7.17% change this trading session with a trading volume of 0.4M, whilst boasting a positive YTD change of +15.12%.

Latest developments on Texas Pacific Land Corporation

Recent stock movements at Texas Pacific Land Corp. have caught the attention of investors, with insiders selling millions of dollars worth of stock, potentially signaling caution. Despite this, Horizon Kinetics has made significant stock purchases, showing confidence in the company. Senior VP Michael Dobbs and VP Chris Steddum have also sold shares, while companies like Tocqueville Asset Management and Erste Asset Management have adjusted their stakes in Texas Pacific Land. Proficio Capital Partners even invested a substantial $31.80 million in the company. These mixed actions have impacted the stock price, leading to underperformance compared to competitors on Friday.

A look at Texas Pacific Land Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores for Texas Pacific Land, the company seems to have a mixed long-term outlook. While it scores average in Value, Dividend, and Growth categories, it stands out with high scores in Resilience and Momentum. This suggests that Texas Pacific Land may have a strong ability to weather economic downturns and maintain positive momentum in the market.

As the owner of valuable land in Texas with diverse sources of income, including land sales, oil and gas royalties, grazing leases, and interest, Texas Pacific Land Corporation appears to be well-positioned for long-term success. With a solid Resilience score reflecting its ability to withstand challenges and a high Momentum score indicating positive market trends, the company may have a promising future ahead.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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