Texas Pacific Land Trust (NYSE:TPL) Stock Sentiment Worsens

June 17, 2018 - By Vivian Currie

Texas Pacific Land Trust (NYSE:TPL) Logo

Sentiment for Texas Pacific Land Trust (NYSE:TPL)

Texas Pacific Land Trust (NYSE:TPL) institutional sentiment decreased to 1.18 in 2018 Q1. Its down -0.01, from 1.19 in 2017Q4. The ratio dropped, as 46 investment professionals increased and opened new equity positions, while 39 reduced and sold positions in Texas Pacific Land Trust. The investment professionals in our partner’s database now have: 2.90 million shares, up from 2.86 million shares in 2017Q4. Also, the number of investment professionals holding Texas Pacific Land Trust in their top 10 equity positions increased from 7 to 10 for an increase of 3. Sold All: 6 Reduced: 33 Increased: 27 New Position: 19.

Texas Pacific Land Trust holds title to tracts of land in the state of Texas, the United States. The company has market cap of $5.29 billion. It manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. It has a 69.76 P/E ratio. The firm is also involved in the sale of land, gas and oil royalties, and grazing leases of the land.

The stock decreased 2.22% or $15.39 during the last trading session, reaching $678.16. About 24,213 shares traded or 25.66% up from the average. Texas Pacific Land Trust (NYSE:TPL) has risen 138.55% since June 17, 2017 and is uptrending. It has outperformed by 125.98% the S&P500.

Mad River Investors holds 28.19% of its portfolio in Texas Pacific Land Trust for 57,833 shares. Horizon Kinetics Llc owns 1.82 million shares or 26.86% of their US portfolio. Moreover, Lawson Kroeker Investment Management Inc Ne has 10.69% invested in the company for 64,650 shares. The Texas-based First Dallas Securities Inc. has invested 9.8% in the stock. Pacific Heights Asset Management Llc, a California-based fund reported 100,000 shares.

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

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