Jefferies Financial Group Inc. Takes $654,000 Position in Texas Pacific Land Corporation $TPL

Posted by Stanley Muller on Sep 1st, 2026

Jefferies Financial Group Inc. acquired a new position in shares of Texas Pacific Land Corporation (NYSE:TPL – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 1,495 shares of the financial services provider’s stock, valued at approximately $654,000.

Several other large investors also recently made changes to their positions in TPL. Bank of America Corp DE raised its holdings in Texas Pacific Land by 143.0% during the first quarter. Bank of America Corp DE now owns 264,740 shares of the financial services provider’s stock worth $125,635,000 after buying an additional 155,781 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Texas Pacific Land by 200.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 9,450 shares of the financial services provider’s stock valued at $2,714,000 after buying an additional 6,307 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Texas Pacific Land by 184.1% during the fourth quarter. New York State Teachers Retirement System now owns 38,841 shares of the financial services provider’s stock worth $11,156,000 after acquiring an additional 25,170 shares in the last quarter. Schwartz Investment Counsel Inc. increased its position in shares of Texas Pacific Land by 209.7% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 475,104 shares of the financial services provider’s stock worth $136,459,000 after acquiring an additional 321,683 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Texas Pacific Land by 152.6% in the 4th quarter. Comerica Bank now owns 8,087 shares of the financial services provider’s stock worth $2,323,000 after acquiring an additional 4,886 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TPL shares. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Texas Pacific Land in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Texas Pacific Land has an average rating of “Hold” and an average target price of $639.00.

Check Out Our Latest Research Report on TPL

Texas Pacific Land Stock Up 2.8%

Shares of NYSE TPL opened at $374.51 on Tuesday. The company has a market capitalization of $25.83 billion, a PE ratio of 47.73 and a beta of 0.60. The stock’s 50 day moving average price is $389.62 and its 200-day moving average price is $423.89. Texas Pacific Land Corporation has a twelve month low of $269.23 and a twelve month high of $547.20.

Texas Pacific Land (NYSE:TPL – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.05. The company had revenue of $246.10 million during 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, research analysts expect that Texas Pacific Land Corporation will post 8.88 EPS for the current fiscal year.

Texas Pacific Land Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 1st. Texas Pacific Land’s dividend payout ratio is 30.57%.

Insider Activity

In other news, CFO Chris Steddum sold 830 shares of Texas Pacific Land stock in a transaction on Monday, June 8th. The stock was sold at an average price of $400.33, for a total transaction of $332,273.90. Following the sale, the chief financial officer directly owned 12,040 shares in the company, valued at $4,819,973.20. The trade was a 6.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.90% of the stock is currently owned by corporate insiders.

Texas Pacific Land Profile

(Free Report)

Texas Pacific Land Corporation (NYSE: TPL) is a Texas-based land management company that derives revenue from the ownership and stewardship of large tracts of land and associated mineral rights in West Texas. The company’s origins trace to 19th century land grants associated with the Texas and Pacific Railway; over time those grant holdings have been retained and managed as a standalone corporate asset base. Texas Pacific Land is publicly listed and operates as a landowner and resource manager rather than as a traditional oil and gas producer.

The company’s primary activities include management of surface rights and leasing of land for energy and other commercial uses, administration of mineral royalty interests, and provision of water and related services to industrial customers.