Texas Pacific Land Trust (TPL) Downgraded by ValuEngine

ValuEngine downgraded shares of Texas Pacific Land Trust (NYSE:TPL) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Separately, BidaskClub upgraded Texas Pacific Land Trust from a strong sell rating to a sell rating in a research report on Wednesday, June 14th.

Shares of Texas Pacific Land Trust (NYSE TPL) opened at 423.04 on Tuesday. The company has a market capitalization of $3.32 billion, a PE ratio of 65.01 and a beta of 0.98. Texas Pacific Land Trust has a one year low of $249.00 and a one year high of $429.25. The company has a 50-day moving average price of $397.32 and a 200 day moving average price of $329.16.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings data on Monday, July 31st. The financial services provider reported $2.12 earnings per share for the quarter. The firm had revenue of $27.36 million for the quarter. Texas Pacific Land Trust had a return on equity of 112.96% and a net margin of 73.06%.

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Several hedge funds have recently modified their holdings of TPL. Kennedy Capital Management Inc. bought a new stake in shares of Texas Pacific Land Trust in the 2nd quarter worth approximately $2,936,000. Mad River Investors grew its position in shares of Texas Pacific Land Trust by 7.0% in the 2nd quarter. Mad River Investors now owns 44,610 shares of the financial services provider’s stock worth $13,106,000 after buying an additional 2,935 shares during the last quarter. Steinberg Global Asset Management grew its position in shares of Texas Pacific Land Trust by 26.3% in the 2nd quarter. Steinberg Global Asset Management now owns 12,750 shares of the financial services provider’s stock worth $3,746,000 after buying an additional 2,655 shares during the last quarter. Cim LLC bought a new stake in shares of Texas Pacific Land Trust in the 2nd quarter worth approximately $493,000. Finally, Fernwood Investment Management LLC grew its position in shares of Texas Pacific Land Trust by 82.1% in the 2nd quarter. Fernwood Investment Management LLC now owns 2,695 shares of the financial services provider’s stock worth $792,000 after buying an additional 1,215 shares during the last quarter. Hedge funds and other institutional investors own 39.46% of the company’s stock.

About Texas Pacific Land Trust

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.

To view ValuEngine’s full report, visit

Separately, BidaskClub upgraded Texas Pacific Land Trust from a strong sell rating to a sell rating in a research report on Wednesday, June 14th.

Shares of Texas Pacific Land Trust (NYSE TPL) opened at 423.04 on Tuesday. The company has a market capitalization of $3.32 billion, a PE ratio of 65.01 and a beta of 0.98. Texas Pacific Land Trust has a one year low of $249.00 and a one year high of $429.25. The company has a 50-day moving average price of $397.32 and a 200 day moving average price of $329.16.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings data on Monday, July 31st. The financial services provider reported $2.12 earnings per share for the quarter. The firm had revenue of $27.36 million for the quarter. Texas Pacific Land Trust had a return on equity of 112.96% and a net margin of 73.06%.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/13/texas-pacific-land-trust-tpl-downgraded-by-valuengine.html.

Several hedge funds have recently modified their holdings of TPL. Kennedy Capital Management Inc. bought a new stake in shares of Texas Pacific Land Trust in the 2nd quarter worth approximately $2,936,000. Mad River Investors grew its position in shares of Texas Pacific Land Trust by 7.0% in the 2nd quarter. Mad River Investors now owns 44,610 shares of the financial services provider’s stock worth $13,106,000 after buying an additional 2,935 shares during the last quarter. Steinberg Global Asset Management grew its position in shares of Texas Pacific Land Trust by 26.3% in the 2nd quarter. Steinberg Global Asset Management now owns 12,750 shares of the financial services provider’s stock worth $3,746,000 after buying an additional 2,655 shares during the last quarter. Cim LLC bought a new stake in shares of Texas Pacific Land Trust in the 2nd quarter worth approximately $493,000. Finally, Fernwood Investment Management LLC grew its position in shares of Texas Pacific Land Trust by 82.1% in the 2nd quarter. Fernwood Investment Management LLC now owns 2,695 shares of the financial services provider’s stock worth $792,000 after buying an additional 1,215 shares during the last quarter. Hedge funds and other institutional investors own 39.46% of the company’s stock.

About Texas Pacific Land Trust

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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