Texas Pacific Land Corporation $TPL Holdings Boosted by Greenfield Seitz Capital Management LLC

Greenfield Seitz Capital Management LLC grew its stake in shares of Texas Pacific Land Corporation (NYSE:TPL) by 287.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,392 shares of the financial services provider’s stock after acquiring an additional 4,000 shares during the quarter. Greenfield Seitz Capital Management LLC’s holdings in Texas Pacific Land were worth $1,757,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp grew its stake in shares of Texas Pacific Land by 4.8% in the second quarter. State Street Corp now owns 3,964,748 shares of the financial services provider’s stock worth $1,735,132,000 after acquiring an additional 179,791 shares during the period. Pacific Heights Asset Management LLC purchased a new position in shares of Texas Pacific Land during the second quarter valued at approximately $258,208,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Texas Pacific Land by 6.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 477,430 shares of the financial services provider’s stock valued at $208,942,000 after purchasing an additional 30,911 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its position in Texas Pacific Land by 15.4% during the third quarter. Schwartz Investment Counsel Inc. now owns 477,099 shares of the financial services provider’s stock valued at $155,453,000 after purchasing an additional 63,642 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Texas Pacific Land by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 357,379 shares of the financial services provider’s stock valued at $169,598,000 after purchasing an additional 4,570 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TPL. Weiss Ratings upgraded shares of Texas Pacific Land from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research raised shares of Texas Pacific Land from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $639.00.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $328.69 on Tuesday. The stock has a market cap of $22.67 billion, a PE ratio of 41.89 and a beta of 0.58. Texas Pacific Land Corporation has a one year low of $269.23 and a one year high of $547.20. The stock has a fifty day moving average of $352.30 and a 200 day moving average of $400.78.

Texas Pacific Land (NYSE:TPL) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.05. The company had revenue of $246.10 million for the quarter, compared to the consensus estimate of $249.50 million. Texas Pacific Land had a return on equity of 35.76% and a net margin of 60.32%. As a group, sell-side analysts predict that Texas Pacific Land Corporation will post 8.88 EPS for the current fiscal year.

Texas Pacific Land Profile

Texas Pacific Land Corporation (NYSE:TPL) is a land and resource management company focused on properties in West Texas, particularly the Permian Basin. The company owns approximately 850,000 acres of land and holds extensive oil and gas royalty interests, making it a significant participant in the region’s energy development.

Texas Pacific Land generates revenue through royalties on oil and natural gas produced from its acreage, as well as from land sales, easements, leases and other surface-related activities.