Sumitomo Mitsui Trust Group Inc. cut its position in Texas Pacific Land Corporation (NYSE:TPL – Free Report) by 3.1% during the third quarter, HoldingsChannel reports. The firm owned 121,700 shares of the financial services provider’s stock after selling 3,879 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Texas Pacific Land were worth $39,654,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Pacific Land in the third quarter valued at approximately $4,785,000. ProShare Advisors LLC lifted its position in shares of Texas Pacific Land by 16.4% in the 3rd quarter. ProShare Advisors LLC now owns 11,843 shares of the financial services provider’s stock valued at $3,859,000 after acquiring an additional 1,671 shares in the last quarter. Vise Technologies Inc. lifted its stake in shares of Texas Pacific Land by 110.2% in the 3rd quarter. Vise Technologies Inc. now owns 1,221 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 640 shares during the last quarter. MGO One Seven LLC increased its position in Texas Pacific Land by 0.4% during the third quarter. MGO One Seven LLC now owns 45,868 shares of the financial services provider’s stock worth $14,945,000 after acquiring an additional 202 shares during the period. Finally, Choreo LLC boosted its holdings in Texas Pacific Land by 12.1% during the third quarter. Choreo LLC now owns 1,372 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on TPL shares. Weiss Ratings upgraded Texas Pacific Land from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research upgraded shares of Texas Pacific Land from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Texas Pacific Land has a consensus rating of “Moderate Buy” and an average price target of $639.00.
Check Out Our Latest Report on TPL
Texas Pacific Land News Roundup
Here are the key news stories impacting Texas Pacific Land this week:
- Positive Sentiment: Third-quarter earnings were $2.42 per share, above analysts’ estimates of $2.33–$2.35 and up from $1.76 a year earlier. Revenue reached $273.4 million, topping the $251 million estimate. Article: Texas Pacific Q3 Earnings and Revenues Top Estimates
- Positive Sentiment: Coverage characterized the quarter as a record, citing stronger gas realizations as a revenue driver—potentially supportive of investor confidence in the company’s land and resource-related business. Article: Texas Pacific Land Q3 2026: Record Revenue on Gas Realization Surge
- Negative Sentiment: Shares weakened despite the earnings beat, and one report noted the stock remained down for the month. The available coverage does not specify what drove the pullback, so the results alone do not explain the market’s reaction. Article: Texas Pacific Land Posts Record Q3 Results, Stock Still Down for Month
Texas Pacific Land Price Performance
Shares of NYSE:TPL opened at $285.49 on Thursday. The company has a market capitalization of $19.69 billion, a PE ratio of 36.38 and a beta of 0.58. The business has a fifty day moving average price of $349.72 and a 200-day moving average price of $400.57. Texas Pacific Land Corporation has a 1-year low of $269.23 and a 1-year high of $547.20.
Texas Pacific Land (NYSE:TPL – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $2.42 EPS for the quarter, beating the consensus estimate of $2.33 by $0.09. The business had revenue of $273.40 million during the quarter, compared to the consensus estimate of $251.00 million. Texas Pacific Land had a net margin of 60.32% and a return on equity of 35.76%. On average, sell-side analysts anticipate that Texas Pacific Land Corporation will post 8.88 earnings per share for the current fiscal year.
Texas Pacific Land Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.8%. Texas Pacific Land’s dividend payout ratio is currently 30.57%.
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.
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