texas pacific land trust was created in 1888 as a result of a reorganization of the texas and pacific railway company following receivership. holders of texas and pacific railway company bonds received 3.5 million acres of land in texas which had been earned by the railroad and pledged as security against bonds. the bondholders created the trust and converted bonds to shares of proprietary interest in the trust. the trust was created to manage and sell the land. today the trust is one of the largest landowners in texas with around 888,333 acres located in eighteen different counties. texas pacific land trust derives revenue from all avenues of managing the land, i.e. oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales. the trust has a perpetual oil and gas royalty interest in some 459,200 acres.
Company profile
Ticker
TPL
Exchange
Website
CEO
Tyler Glover
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Texas Pacific Resources LLC • Texas Pacific Water Resources LLC • Transmissive Water Services LLC • TPL Holdings LLC • Texas Eagle Ranches, LLC • Texas Pacific Royalty Acquisitions, LLC • Riverton Holdings, LLC ...
TPL stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
28 Mar 24
8-K
Texas Pacific Land Corporation Announces Three-for-One Stock Split
7 Mar 24
8-K/A
Submission of Matters to a Vote of Security Holders
28 Feb 24
8-K
Delaware Supreme Court Affirms Ruling in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders’ Agreement
27 Feb 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Texas Pacific Land Corporation Announces Fourth Quarter and Full Year 2023 Results
21 Feb 24
8-K
Delaware Court of Chancery Rules in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders’ Agreement
4 Dec 23
8-K
Submission of Matters to a Vote of Security Holders
13 Nov 23
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
Texas Pacific Land Corporation Announces Third Quarter 2023 Results
1 Nov 23
Transcripts
TPL
Earnings call transcript
2023 Q3
2 Nov 23
TPL
Earnings call transcript
2023 Q2
3 Aug 23
TPL
Earnings call transcript
2023 Q1
4 May 23
TPL
Earnings call transcript
2022 Q4
23 Feb 23
TPL
Earnings call transcript
2022 Q3
3 Nov 22
TPL
Earnings call transcript
2022 Q2
4 Aug 22
TPL
Earnings call transcript
2022 Q1
5 May 22
TPL
Earnings call transcript
2021 Q4
24 Feb 22
TPL
Earnings call transcript
2021 Q3
5 Nov 21
TPL
Earnings call transcript
2021 Q2
6 Aug 21
Latest ownership filings
Financial summary
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Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Institutional ownership, Q3 2023
59.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 444 |
Opened positions | 76 |
Closed positions | 38 |
Increased positions | 140 |
Reduced positions | 141 |
13F shares | Current |
---|---|
Total value | 8.29 tn |
Total shares | 4.56 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Horizon Kinetics Asset Management | 1.38 mm | $2.52 tn |
Vanguard | 625.93 k | $1.14 tn |
BLK Blackrock | 444.33 k | $810.25 bn |
STT State Street | 200.69 k | $365.96 bn |
First Manhattan | 142.99 k | $260.76 bn |
SoftVest Advisors | 130.50 k | $237.97 bn |
Geode Capital Management | 108.00 k | $198.81 bn |
MS Morgan Stanley | 76.37 k | $139.26 bn |
Schwartz Investment Counsel | 66.03 k | $120.41 bn |
Pacific Heights Asset Management | 55.00 k | $100.30 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Apr 24 | Horizon Kinetics Asset Management | Common Stock | Buy | Acquire P | No | No | 584.96 | 3 | 1.75 k | 1,084,938 |
16 Apr 24 | Horizon Kinetics Asset Management | Common Stock | Buy | Acquire P | No | No | 586.93 | 3 | 1.76 k | 1,084,935 |
15 Apr 24 | Stahl Murray | Common Stock | Buy | Acquire P | Yes | No | 583.91 | 3 | 1.75 k | 591,873 |
15 Apr 24 | Stahl Murray | Common Stock | Buy | Acquire P | Yes | No | 583.91 | 1 | 583.91 | 130,246 |
15 Apr 24 | Stahl Murray | Common Stock | Buy | Acquire P | Yes | No | 583.91 | 2 | 1.17 k | 5,438 |
15 Apr 24 | Stahl Murray | Common Stock | Buy | Acquire P | No | No | 583.91 | 3 | 1.75 k | 7,650 |
15 Apr 24 | Stahl Murray | Common Stock | Buy | Acquire P | Yes | No | 583.91 | 1 | 583.91 | 5,464 |
15 Apr 24 | Stahl Murray | Common Stock | Buy | Acquire P | Yes | No | 583.91 | 2 | 1.17 k | 315,566 |
12 Apr 24 | Stahl Murray | Common Stock | Buy | Acquire P | Yes | No | 605.72 | 3 | 1.82 k | 591,870 |
12 Apr 24 | Stahl Murray | Common Stock | Buy | Acquire P | Yes | No | 605.72 | 1 | 605.72 | 130,245 |
News
Looking Into Texas Pacific Land's Recent Short Interest
16 Apr 24
BWS Financial Maintains Buy on Texas Pacific Land, Announces $917 Price Target
2 Apr 24
Reported Earlier, Texas Pacific Land Announces Three-For-One Stock Split
8 Mar 24
Texas Pacific Land Q4 2023 GAAP EPS $14.73 Beats $12.59 Estimate, Sales $166.70M Beat $152.20M Estimate
21 Feb 24
Wall Street Falters Ahead Of Fed Minutes, Nvidia Earnings, Cybersecurity Selloff: What's Driving Markets Wednesday?
21 Feb 24
Press releases
Texas Pacific Land Corporation Sets Dates for First Quarter 2024 Earnings Release and Conference Call
18 Apr 24
Texas Pacific Land Corporation Announces Three-for-One Stock Split
7 Mar 24
Delaware Supreme Court Affirms Ruling in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders' Agreement
27 Feb 24
Texas Pacific Land Corporation Announces Fourth Quarter and Full Year 2023 Results
21 Feb 24
Texas Pacific Land Corporation Sets Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
25 Jan 24