Texas Pacific Land Trust (TPL) Just Reaches 52-Week High?

July 13, 2018 - By Darrel Chase

Texas Pacific Land Trust (NYSE:TPL) Logo

Investors sentiment decreased to 1.18 in 2018 Q1. Its down 0.01, from 1.19 in 2017Q4. It is negative, as 6 investors sold Texas Pacific Land Trust shares while 33 reduced holdings. 19 funds opened positions while 27 raised stakes. 2.90 million shares or 1.28% more from 2.86 million shares in 2017Q4 were reported.
Texas-based Mgmt Pro has invested 0.03% in Texas Pacific Land Trust (NYSE:TPL). Regions Finance accumulated 500 shares. Raymond James And Associates invested in 0.01% or 8,098 shares. Stratos Wealth Prtnrs holds 91 shares. Wellington Gru Llp owns 1,259 shares. Blb&B Advsr Ltd Llc owns 1,000 shares or 0.07% of their US portfolio. Regentatlantic Cap Ltd Liability owns 2,500 shares for 0.11% of their portfolio. State Street holds 0% or 11,646 shares. Rathbone Brothers Public Limited Com has 0.06% invested in Texas Pacific Land Trust (NYSE:TPL). Prescott Gru Cap Management Limited Co has invested 0.63% in Texas Pacific Land Trust (NYSE:TPL). Arbiter Partners Capital Management Ltd invested in 0.1% or 1,701 shares. Cambrian Capital Partnership has invested 4.33% in Texas Pacific Land Trust (NYSE:TPL). Lpl Ltd Liability accumulated 0% or 910 shares. Legal And General Grp Inc Public Limited Com invested 0% of its portfolio in Texas Pacific Land Trust (NYSE:TPL). Prelude Cap Mgmt Ltd has 23 shares for 0% of their portfolio.

The stock of Texas Pacific Land Trust (NYSE:TPL) hit a new 52-week high and has $833.62 target or 6.00 % above today’s $786.43 share price. The 7 months bullish chart indicates low risk for the $6.14B company. The 1-year high was reported on Jul, 13 by Barchart.com. If the $833.62 price target is reached, the company will be worth $368.28M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.02% or $8.07 during the last trading session, reaching $786.43. About 6,615 shares traded. Texas Pacific Land Trust (NYSE:TPL) has risen 138.55% since July 13, 2017 and is uptrending. It has outperformed by 125.98% the S&P500.

More news for Texas Pacific Land Trust (NYSE:TPL) were recently published by: Globenewswire.com, which released: “New Research: Key Drivers of Growth for Opus Bank, NextEra Energy Partners, LP, AMN Healthcare Services, Texas …” on June 18, 2018. Gurufocus.com‘s article titled: “In Wake of Trade War, Small-Cap Funds Post Strong Returns” and published on July 11, 2018 is yet another important article.

Texas Pacific Land Trust holds title to tracts of land in the state of Texas, the United States. The company has market cap of $6.14 billion. It manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. It has a 61.03 P/E ratio. The firm is also involved in the sale of land, gas and oil royalties, and grazing leases of the land.

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

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