Texas Pacific Land Trust (NYSE:TPL) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price target of $937.00 for the company and are predicting that the company will post $7.37 EPS for the current quarter, according to Zacks. Zacks has also assigned Texas Pacific Land Trust an industry rank of 176 out of 255 based on the ratings given to its competitors.

A number of equities analysts have weighed in on the company. ValuEngine lowered Texas Pacific Land Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, December 17th. Stifel Nicolaus assumed coverage on Texas Pacific Land Trust in a research note on Wednesday, January 8th. They issued a “buy” rating and a $937.00 target price on the stock.

TPL traded down $2.04 during trading on Friday, reaching $792.86. 5,464 shares of the company were exchanged, compared to its average volume of 17,865. The company’s 50-day moving average is $745.27 and its two-hundred day moving average is $691.35. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 19.71 and a beta of 1.35. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.01. Texas Pacific Land Trust has a 12-month low of $565.10 and a 12-month high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $7.74 earnings per share (EPS) for the quarter. The business had revenue of $98.53 million for the quarter. Texas Pacific Land Trust had a return on equity of 88.89% and a net margin of 100.01%. Equities analysts forecast that Texas Pacific Land Trust will post 28.89 earnings per share for the current year.

In other Texas Pacific Land Trust news, major shareholder Kinetics Asset Managem Horizon bought 496 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $622.78 per share, for a total transaction of $308,898.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 1,918 shares of company stock worth $1,349,206 over the last 90 days. Corporate insiders own 0.92% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schwartz Investment Counsel Inc. increased its stake in Texas Pacific Land Trust by 0.3% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 36,230 shares of the financial services provider’s stock worth $23,534,000 after acquiring an additional 100 shares during the last quarter. White Elm Capital LLC increased its position in shares of Texas Pacific Land Trust by 12.6% during the 2nd quarter. White Elm Capital LLC now owns 24,573 shares of the financial services provider’s stock valued at $19,339,000 after purchasing an additional 2,748 shares during the last quarter. Man Group plc increased its position in shares of Texas Pacific Land Trust by 138.4% during the 3rd quarter. Man Group plc now owns 19,104 shares of the financial services provider’s stock valued at $12,409,000 after purchasing an additional 11,090 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Texas Pacific Land Trust by 14.6% during the 3rd quarter. California Public Employees Retirement System now owns 14,700 shares of the financial services provider’s stock valued at $9,549,000 after purchasing an additional 1,876 shares during the last quarter. Finally, EagleClaw Capital Managment LLC increased its position in shares of Texas Pacific Land Trust by 7.1% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 13,767 shares of the financial services provider’s stock valued at $8,928,000 after purchasing an additional 918 shares during the last quarter. Institutional investors and hedge funds own 39.28% of the company’s stock.

About Texas Pacific Land Trust

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

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