TPL - Texas Pacific Land Trust

NYSE - NYSE Delayed Price. Currency in USD
663.05
-8.12 (-1.21%)
At close: 4:02PM EDT
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Previous Close657.79
Open666.00
Bid663.00 x 1000
Ask3,000.00 x 1000
Day's Range657.33 - 679.36
52 Week Range409.00 - 915.66
Volume12,395
Avg. Volume12,457
Market Cap5.143B
Beta (3Y Monthly)1.37
PE Ratio (TTM)16.98
EPS (TTM)39.04
Earnings DateOct 29, 2019 - Nov 4, 2019
Forward Dividend & Yield1.75 (0.26%)
Ex-Dividend Date2019-03-07
1y Target EstN/A
Trade prices are not sourced from all markets
  • Should We Worry About Texas Pacific Land Trust's (NYSE:TPL) P/E Ratio?
    Simply Wall St.

    Should We Worry About Texas Pacific Land Trust's (NYSE:TPL) P/E Ratio?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...

  • Business Wire

    Texas Pacific Land Trust Appoints Sameer Parasnis as Executive Vice President and Chief Commercial Officer

    Texas Pacific Land Trust (TPL) (“the Trust” or “TPL”) today announced the appointment of Sameer Parasnis to the position of Executive Vice President and Chief Commercial Officer, effective immediately. Mr. Parasnis will report to TPL Chief Executive Officer Ty Glover, and will work closely with both Glover and Chief Financial Officer Robert Packer. Mr. Parasnis has over 20 years of financial experience, nearly 17 of which have been in banking.

  • 5 Undervalued Predictable Stocks
    GuruFocus.com

    5 Undervalued Predictable Stocks

    Williams-Sonoma makes the list Continue reading...

  • Business Wire

    Texas Pacific Land Trust Announces Second Quarter 2019 Financial Results

    Texas Pacific Land Trust today announced financial results for the second quarter ended June 30, 2019.

  • Reuters

    Texas land trust settles with Horizon Kinetics-led investor group

    Texas Pacific Land Trust said on Wednesday it has settled with an investor group led by Horizon Kinetics, ending a months-long proxy fight to elect a trustee. The group together holds about 25% stake in Texas Pacific, which is one of the biggest landowners in the state of Texas. It has been pushing to convert the publicly traded land trust into a Delaware corporation, establish an experienced team for its water business and be more transparent.

  • Business Wire

    Texas Pacific Land Trust Enters into Settlement Agreement with Investor Group

    Texas Pacific Land Trust (TPL) (the “Trust” or “TPL”) today announced that it has entered into a settlement agreement (the “Settlement Agreement”) with the investor group led by Horizon Kinetics LLC, SoftVest, L.P., and ART-FGT Family Partners (the “Investor Group”) with respect to the previous proxy contest and the pending litigation between the parties in the U.S. District Court for the Northern District of Texas in Dallas.

  • Is It Worth Buying Texas Pacific Land Trust (NYSE:TPL) For Its 0.8% Dividend Yield?
    Simply Wall St.

    Is It Worth Buying Texas Pacific Land Trust (NYSE:TPL) For Its 0.8% Dividend Yield?

    Today we'll take a closer look at Texas Pacific Land Trust (NYSE:TPL) from a dividend investor's perspective. Owning a...

  • A Holistic Look At Texas Pacific Land Trust (NYSE:TPL)
    Simply Wall St.

    A Holistic Look At Texas Pacific Land Trust (NYSE:TPL)

    Texas Pacific Land Trust (NYSE:TPL) is a company with exceptional fundamental characteristics. Upon building up an...

  • PR Newswire

    Investor Group Sends Letter To Texas Pacific Land Trustees Highlighting Urgent Need For Corporate Governance Reform At TPL

    DALLAS, July 1, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family Partners, the Investor Group which collectively beneficially owns over 25% of the outstanding shares of Texas Pacific Land Trust (TPL) (the "Trust" or "TPL"), today announced that Murray Stahl, Chairman of Horizon Kinetics LLC, sent a letter to David Barry and John Norris highlighting the urgent need for corporate governance reform at the Trust for the benefit of all shareholders.

  • Business Wire

    Dissident Shareholders of Texas Pacific Land Trust Reveal Their Apparent Goal: Seizing Control of TPL Without Paying a Control Premium

    On June 24, 2019, the Trustees of TPL announced the formation of a Conversion Exploration Committee to evaluate the conversion of TPL into a C-corporation – one of the dissidents’ core campaign demands (and something Trustee nominee General Don Cook has promised throughout his campaign to thoroughly explore). As part of this announcement, the Trustees invited Horizon Kinetics to designate a representative to join the Committee, which would give them an opportunity to participate in deliberations on the future of the Trust. Instead of identifying a representative to join the Committee, the dissident group has now filed in court a motion for declaratory judgment that Trustee David Barry was not validly elected back in January 2017 – based on their sudden claim that the New York Stock Exchange (NYSE) made what the dissidents call an “error” two and a half years ago.

  • PR Newswire

    Investor Group Files Court Papers Seeking Prompt Confirmation Of Eric Oliver's Election As A Trustee Of Texas Pacific Land

    DALLAS, June 26, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family Partners, the Investor Group which collectively beneficially owns over 25% of the outstanding shares of Texas Pacific Land Trust (TPL) (the "Trust" or "TPL"), announced today that it has filed court papers seeking the prompt confirmation of Eric Oliver's election as the third Trustee of TPL. "Less than 24 hours before the special meeting of shareholders scheduled for May 22, 2019, David Barry and John Norris chose to bring litigation against the Investor Group in a last-ditch effort to try to prevent the election of Eric Oliver as Trustee. Instead, Mr. Barry and Mr. Norris have decided to continue wasting shareholders' money in a legal battle that they launched in the first place.

  • PR Newswire

    Investor Group Responds To Texas Pacific Land's Formation Of "Conversion Exploration Committee"

    DALLAS, June 25, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family Partners, the Investor Group which collectively beneficially owns over 25% of the outstanding shares of Texas Pacific Land Trust (TPL) (the "Trust" or "TPL"), today announced that Murray Stahl, Chairman of Horizon Kinetics LLC, has sent a letter to David Barry and John Norris in response to the Trust's formation of a "Conversion Exploration Committee" to evaluate a conversion of the Trust into a C-corporation. The full text of the letter is below.

  • Business Wire

    Texas Pacific Land Trust Forms Conversion Exploration Committee to Consider C-Corp Conversion

    Texas Pacific Land Trust (TPL) (the “Trust”) today announced the formation of a Conversion Exploration Committee to evaluate a conversion of the Trust into a C-corporation. The Conversion Exploration Committee will evaluate, from a corporate, corporate governance, tax, accounting and business perspective, whether the Trust should be converted into a C-corp or, in the alternative, whether the Trust should remain a business trust (with potential amendments to the declaration of trust). The Conversion Exploration Committee will begin its work this week.

  • PR Newswire

    Investor Group Issues Open Letter To Texas Pacific Land Trustees David Barry And John Norris

    DALLAS, June 18, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family Partners, which collectively beneficially own over 25% of the outstanding shares of Texas Pacific Land Trust (TPL), today issued an open letter to David Barry and John Norris, two of the Trustees of TPL, urging them to share their thoughts on corporate governance and the rights of TPL beneficiaries with all TPL shareholders.

  • PR Newswire

    Investor Group Demands Texas Pacific Land Trustees David Barry And John Norris Recognize Eric Oliver As Third Trustee

    DALLAS, June 17, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family Partners, which collectively beneficially own over 25% of the outstanding shares of Texas Pacific Land Trust (TPL), today issued an open letter to David Barry and John Norris, two of the Trustees of TPL, demanding that they recognize Eric Oliver as a third Trustee.

  • Business Wire

    Texas Pacific Land Trust Responds to Dissident Group’s Latest Attempt to Mislead Shareholders

    Throughout its campaign to install Eric Oliver as a trustee, the Dissident Group has claimed that they are motivated by a desire for transparency, but yet again, this claim is belied by their own actions. Oliver and his Dissident Group have attempted to circumvent ongoing litigation before the United States District Court for the Northern District of Texas, a primary purpose of which is to require Mr. Oliver to provide complete and accurate information regarding his many apparent conflicts of interest. Unfortunately, Mr. Oliver and his Dissident Group continue to resist producing this basic information.

  • PR Newswire

    Investor Group Calls On Texas Pacific Land Shareholders To Hold Trustees David Barry And John Norris Accountable For Their Flagrant Disregard Of Shareholders' Rights And Investments

    DALLAS, June 13, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family Partners, which collectively beneficially own over 25% of the outstanding shares of Texas Pacific Land Trust (TPL), today issued an open letter to TPL shareholders urging them to hold Trustees David Barry and John Norris accountable for their flagrant disregard of shareholders' rights and investments by failing to recognize Eric Oliver as a third Trustee and misusing millions of shareholder dollars.  The letter also calls on all shareholders to exercise their right under the declaration of the Trust to inspect TPL's books. The full text of the letter is below.

  • With EPS Growth And More, Texas Pacific Land Trust (NYSE:TPL) Is Interesting
    Simply Wall St.

    With EPS Growth And More, Texas Pacific Land Trust (NYSE:TPL) Is Interesting

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

  • American City Business Journals

    Texas Pacific Land Trust proxy litigation heats up with countersuit

    A proxy battle unfolding in Dallas involving one of Texas’s largest landowners is getting uglier by the day.

  • PR Newswire

    Investor Group Files Counter-Claims Seeking To Recognize Election Of Eric Oliver As Trustee Of Texas Pacific Land Trust

    DALLAS, May 28, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family Partners (the "Investor Group"), which collectively beneficially own over 25% of the outstanding shares of Texas Pacific Land Trust (TPL), announced that they have filed counter-claims against David E. Barry and John A. Norris, III, the incumbent trustees of TPL, in the United States District Court for the Northern District of Texas. The counter-claims seek a declaratory judgment that the vote conducted at the May 22 shareholder meeting was valid and effective, and that Mr. Eric Oliver has been overwhelmingly elected as TPL's third trustee.  The Investor Group is also pursuing an injunction to prevent the incumbent trustees from taking action on behalf of TPL without the participation of the now duly elected third trustee, Mr. Oliver.

  • Proxy battle turns into legal battle at Texas Pacific Land Trust
    American City Business Journals

    Proxy battle turns into legal battle at Texas Pacific Land Trust

    Lawyers for Dallas-based Texas Pacific Land Trust (NYSE: TPL) have filed a lawsuit that has upped the ante in an already-heated proxy battle waged by a group of dissident shareholders after a spot opened on TPL’s board of trustees.

  • Reuters

    Texas Pacific investors say nominee elected trustee at disputed meeting

    An investor group that holds about 25% in Texas Pacific Land Trust installed its preferred trustee in a shareholder meeting on Wednesday that the company, one of the biggest landowners in Texas, rejected as invalid. On Tuesday, Texas Pacific postponed the special meeting where shareholders were due to fill a vacant trustee spot after filing a lawsuit against the investor group's trustee candidate, Eric Oliver, a source familiar with the matter told Reuters.

  • Business Wire

    Texas Pacific Land Trust Responds to Dissident Group’s Actions

    On May 21, 2019, Texas Pacific Land Trust (TPL) (the “Trust”) gave notice that the special meeting scheduled to be convened today has been postponed to address Eric Oliver’s ongoing efforts to mislead the Trust’s shareholders by making materially misleading statements and failing to disclose material information related to his record and potential conflicts of interest. Over the past several months, the Trustees have made every effort to resolve these issues amicably and to obtain the information necessary for all shareholders to evaluate Mr. Oliver’s fitness to serve as Trustee. Mr. Oliver’s attorney never responded, forcing the Trust to take the step of postponing the meeting and filing a lawsuit in the U.S. District Court for the Northern District of Texas.