In last trading session, Texas Pacific Land Corporation (NYSE:TPL) saw 0.55 million shares changing hands with its beta currently measuring 1.70. Company’s recent per share price level of $1133.12 trading at $36.79 or 3.36% at ring of the bell on the day assigns it a market valuation of $26.03B. That closing price of TPL’s stock is at a discount of -56.13% from its 52-week high price of $1769.14 and is indicating a premium of 59.29% from its 52-week low price of $461.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.19 million shares which gives us an average trading volume of 214.46K if we extend that period to 3-months.
Texas Pacific Land Corporation (NYSE:TPL) trade information
Upright in the green during last session for gaining 3.36%, in the last five days TPL remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $1133.12 price level, adding 8.55% to its value on the day. Texas Pacific Land Corporation’s shares saw a change of 119.17% in year-to-date performance and have moved -5.49% in past 5-day. Texas Pacific Land Corporation (NYSE:TPL) showed a performance of -21.89% in past 30-days. Number of shares sold short was 1.31 million shares which calculate 3.65 days to cover the short interests.
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Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.40% during past 5 years.
TPL Dividends
Texas Pacific Land Corporation is more likely to be releasing its next quarterly report in January and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.45%, the share has a forward dividend of 5.07 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.85%.
Texas Pacific Land Corporation (NYSE:TPL)’s Major holders
Insiders are in possession of 0.13% of company’s total shares while institution are holding 68.82 percent of that, with stock having share float percentage of 68.91%. Investors also watch the number of corporate investors in a company very closely, which is 68.82% institutions for Texas Pacific Land Corporation that are currently holding shares of the company. HORIZON KINETICS ASSET MANAGEMENT LLC is the top institutional holder at TPL for having 3.69 million shares of worth $2.71 billion. And as of 2024-06-30, it was holding 16.0606 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 2.24 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.7366 of outstanding shares, having a total worth of $1.64 billion.
