TPL - Texas Pacific Land Trust

NYSE - Nasdaq Real Time Price. Currency in USD
785.63
-43.53 (-5.25%)
As of 10:27AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close829.17
Open820.00
Bid785.00 x 800
Ask790.97 x 800
Day's Range783.18 - 810.00
52 Week Range409.00 - 915.66
Volume4,513
Avg. Volume15,069
Market Cap6.093B
Beta (3Y Monthly)1.36
PE Ratio (TTM)19.96
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.75 (0.22%)
Ex-Dividend Date2019-03-07
1y Target EstN/A
Trade prices are not sourced from all markets
All
News
Press Releases
  • Business Wire15 hours ago

    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.

  • Business Wireyesterday

    Texas Pacific Land Trust Releases Letter to Shareholders Regarding Recently-Filed Lawsuit against Eric Oliver

    Texas Pacific Land Trust (TPL) (“TPL” or the “Trust”) today released a letter to shareholders regarding the lawsuit filed by the Trust yesterday in the U.S. District Court for the Northern District of Texas against Eric L. Oliver for violations of federal securities law. Yesterday, the Trust filed a lawsuit in the U.S. District Court for the Northern District of Texas regarding violations of federal securities laws in Eric Oliver’s campaign to become TPL’s next Trustee.

  • PR Newswire2 days ago

    Investor Group Comments On Latest Actions Of Trustees Of Texas Pacific Land Trust To Obstruct Shareholder Democracy

    Like many of you, we are at a loss to explain the actions taken by the incumbent Trustees this afternoon on any above-board or bona fide basis. Not only did they file a meritless lawsuit against Eric Oliver, but they used it as a pretense to try to cancel tomorrow's special meeting of shareholders.  In furtherance of full transparency, we have already publicly filed with the SEC a copy of the Trustees' disclosure complaint so shareholders can review it on their own, and come to their own conclusions before the meeting tomorrow.

  • Business Wire2 days ago

    Texas Pacific Land Trust Files Lawsuit Against Eric Oliver for Securities Law Violations

    Texas Pacific Land Trust (TPL) (the “Trust”) today announced that it has filed a lawsuit (the “Lawsuit”) in the United States District Court for the Northern District of Texas against Eric L. Oliver for violations of federal securities laws in connection with the proxy contest Mr. Oliver initiated to be elected as a trustee of TPL. The Trust also announced that the special meeting of shareholders previously scheduled to be convened on May 22, 2019, and to be adjourned until June 6, 2019, has been postponed until further notice. The Lawsuit alleges that Mr. Oliver made material misstatements and failed to disclose material information relevant to shareholders and that Mr. Oliver has acted in concert with an undisclosed group including Santa Monica Partners, Universal Guaranty Life Insurance Company and potentially other third parties.

  • Business Wire3 days ago

    All Three Independent Proxy Advisors Recommend TPL Shareholders Vote FOR General Don Cook

    Texas Pacific Land Trust (TPL) (“TPL” or the “Trust”) today announced that independent proxy advisory firm Egan-Jones Ratings Company (“Egan-Jones”) has joined both Institutional Shareholder Services (“ISS”) and Glass Lewis in recommending that TPL shareholders vote FOR retired four-star General Donald “Don” G. Cook using the BLUE proxy card. Egan-Jones’ endorsement means that ALL THREE leading proxy advisors recommend that shareholders vote FOR General Cook.

  • PR Newswire3 days ago

    Investor Group Reports On Latest Efforts By Trustees Of Texas Pacific Land Trust To Interfere With Shareholder Democracy

    As you know, many brokers that hold TPL shares on behalf of beneficial owners outsource the function of distributing proxy materials and tabulating votes to a company called Broadridge Financial Solutions, Inc. ("Broadridge").  Many TPL shareholders have returned their white voting instruction forms to Broadridge, which would ordinarily aggregate all the votes cast for Eric Oliver and deliver to us an official vote and proxy that we can bring with us to the special meeting on Wednesday, May 22, 2019.

  • PR Newswire3 days ago

    Investor Group Releases Letter From Trustee Nominee Eric Oliver In Response To Inquiries Of Incumbent Trustees Of Texas Pacific Land Trust (TPL)

    Q1: In the quarterly and annual reports of AMEN Properties, LLC ("AMEN"), you are described as serving on the board of the "First National Bank of Midland." We have been unable to confirm that any such bank exists. A shareholder of AMEN pointed this out to you in a letter as early as 2012 (the letter is attached hereto as Exhibit A) and asked you to explain also several other contradictions in your resume.

  • PR Newswire6 days ago

    Investor Group Issues Questions To The Trustees Of Texas Pacific Land Trust

    Last evening, less than one week before the special meeting of shareholders, you issued a letter that demands answers to questions premised on innuendos that have been the centerpiece of your  dreadful campaign to try to ruin the reputation of Eric Oliver in order to protect your lifetime appointments as trustees of TPL. Given your and General Cook's professed commitment to giving shareholders all the information they need to make an informed decision, we believe shareholders are similarly entitled to a response to the following questions by the same deadline, most of which we have repeatedly raised with you during this campaign.

  • Business Wire6 days ago

    Texas Pacific Land Trust Sends Letter to Shareholders About Recommendations of Proxy Advisory Firms to Vote FOR General Don Cook

    Texas Pacific Land Trust (TPL) (“TPL” or the “Trust”) today sent a letter to its shareholders regarding the reports of two leading independent proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis, both of which recommended that shareholders vote FOR General Donald “Don” G. Cook to serve as TPL’s next Trustee. The Trust urges shareholders to follow the recommendations of ISS and Glass Lewis by voting FOR General Cook using the BLUE proxy card. Shareholders can also read more information by visiting www.TrustTPL.com.

  • Business Wire7 days ago

    Texas Pacific Land Trust Sends Letter Requesting Explanations from Dissident Nominee Eric Oliver

    Texas Pacific Land Trust today sent a letter to dissident nominee Eric L. Oliver, requesting certain information about Mr. Oliver’s background, interests and potential conflicts of interests to address serious concerns about his candidacy.

  • PR Newswire10 days ago

    Investor Group Further Comments On Efforts Of Trustees Of Texas Pacific Land Trust To Delay Shareholder Vote

    For weeks we have publicly expressed our concern that you would do anything in your power, even going beyond your Trustee authority, to prevent shareholders from exercising their voting rights if you could not count on the election of your hand-picked nominee, General Cook.  Unfortunately, you proved us right. The headline of your May 8 press release stated that a proxy supplement was "required by [the] SEC." The release  specifically goes on to say that the "SEC ADVISED THE TRUST THAT A SUPPLEMENT TO THE TRUST'S PROXY STATEMENT IS REQUIRED because General Cook's commitment  constitutes a fundamental change to the Trust's proxy solicitation."  (emphasis added).

  • Business Wire10 days ago

    Glass Lewis Joins ISS in Recommending that Texas Pacific Land Trust Shareholders Vote FOR General Don Cook

    Texas Pacific Land Trust (TPL) (“TPL” or the “Trust”) today announced that leading independent proxy advisory firm Glass Lewis has joined Institutional Shareholder Services (“ISS”) in recommending that TPL shareholders vote FOR retired four-star General Donald “Don” G. Cook using the BLUE proxy card. “upon a full and objective review of the arguments put forward by the Dissidents and the Trust, we ultimately see a stronger case for shareholders to support the election of General Cook.

  • PR Newswire15 days ago

    Investor Group Comments On Efforts Of Trustees Of Texas Pacific Land Trust To Delay Shareholder Vote

    As to form, we believe that your proposal to meet privately without the trustee candidates, rather than be a 'privileged/confidential' communication, should have been publicly disclosed to all shareholders. If your letter is an indication of a desire to explore steps forward, we do encourage continued discussion about corporate governance in an open forum inclusive of all shareholders, assuming this is done in a respectful manner without innuendos impugning the integrity of our members' character – as has been characteristic of your filings to date.

  • Business Wire15 days ago

    Texas Pacific Land Trust to Adjourn Special Meeting in Order to Provide Shareholders Sufficient Time to Review Proxy Supplement Required by SEC

    Texas Pacific Land Trust (TPL) (the “Trust”) today announced that, in response to a comment by the Securities and Exchange Commission (the “SEC”), the Trust will file and mail to shareholders a supplement to the Trust’s proxy statement (the “Proxy Supplement”) in connection with the special meeting (the “Special Meeting”) originally scheduled to be held on May 22, 2019. To provide shareholders sufficient time to receive by mail and review the Proxy Supplement in order to be able to cast their votes on a fully informed basis, the Trust will convene the Special Meeting before immediately adjourning – without conducting any business – until June 6, 2019. The reconvened meeting will be held at the originally scheduled location in Dallas, and the record date for the Special Meeting will remain unchanged.

  • PR Newswire16 days ago

    Investor Group Calls Again On Incumbent Trustees Of Texas Pacific Land Trust (TPL) To Publicly Commit To A Shareholder Vote On May 22

    "But we strongly disagree with ISS' suggestion that General Cook is the right nominee to effect and oversee change. After all, he was hand-picked by the two incumbent trustees at the suggestion of their outside legal advisor, who also identified General Cook as a nominee. This last fact had not even been disclosed by TPL before the ISS report was issued this morning, and seems to indicate that the incumbent trustees have decided to outsource to outside counsel not only the legal and public relations functions, but also the role of the nominating committee. "We strongly believe that the existing trustee vacancy needs to be filled in with a candidate that knows the E&P industry, has known and studied TPL for over 15 years, is fully committed to corporate governance changes, has a solid business track record in the industry, and has real skin in the game.

  • Business Wire16 days ago

    Leading Independent Proxy Advisory Firm ISS Recommends that Texas Pacific Land Trust Shareholders Vote the BLUE Card FOR General Don Cook

    Texas Pacific Land Trust (TPL) (“TPL” or the “Trust”) today announced that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm whose recommendations are followed by hundreds of institutional investors, has recommended that TPL shareholders vote FOR retired four-star General Donald “Don” G. Cook using the BLUE proxy card. “We are pleased that ISS recognizes that General Cook has the experience, judgment and vision to continue the Trust’s record of value creation and ensure that the Trust has the right corporate governance for its next chapter,” said Trustee David E. Barry.

  • PR Newswire17 days ago

    Investor Group Again Calls on Trustees of Texas Pacific Land Trust (TPL) to Commit to Bring Election to a Shareholder Vote on May 22

    "This Monday morning TPL investors woke up again to yet another shareholder-funded designer ad from the incumbent trustees, touting the merits of their nominee while demonizing Eric Oliver. "But we did not see an answer to the simple question we posed to the incumbent Trustees last week:  Will the incumbents publicly commit today to bring the Trustee election to a vote of shareholders on May 22, 2019 regardless of whether General Cook is at that time ahead in the vote count?

  • Business Wire17 days ago

    Texas Pacific Land Trust Sums Up Top Reasons Shareholders Should Vote the BLUE Proxy Card for General Don Cook and Throw Away the Dissidents’ White Card

    The Board of Trustees of Texas Pacific Land Trust today sent a letter to shareholders summing up on a single page the top five reasons to support General Donald “Don” G.

  • PR Newswire22 days ago

    Investor Group Issues Open Letter To Shareholders Of Texas Pacific Land Trust

    The past few weeks have been surreal as we witnessed the incumbent Trustees launch an all-out war on a group of large, long term investors, labeling us as dissidents.  It begs the question WHY?  Are the incumbents relying on bad outside advice or are they driven by a selfish desire to protect their life-tenured positions at any cost?  Maybe it's a little of both.  But one thing we know for sure is this type of behavior is NOT good for TPL and its shareholders. At this time we are deeply concerned that the incumbents will stop at nothing to prevent Eric Oliver from being elected Trustee.  We expect more token governance window dressings in the coming weeks as proxies roll in.  The incumbent Trustees may even have an epiphany and offer term limits for themselves or, if all else fails, fully agree with us and proceed with a slow C-Corp conversion that is actually aimed at temporarily keeping Eric Oliver outside the boardroom.  Nothing will surprise us.

  • Business Wire23 days ago

    Texas Pacific Land Trust Trustee Nominee General Don Cook Commits to Limited Term if Elected

    “As I have shared with shareholders in my many conversations and in my video message, I am committed to working with the other Trustees to enhance corporate governance at TPL if I am elected. When I served as the Chair of the Nominating & Governance Committee at Crane Company, I led the process to shift from a classified board to holding annual elections for all directors, and I recognize the importance of regular elections to ensure that directors are accountable to shareholders. If elected to serve as TPL’s next Trustee, I would serve as a change agent, bringing deep expertise in corporate governance to help in that process.

  • PR Newswire23 days ago

    Investor Group Issues Statement Responding To Personal Attacks From Trustees Of Texas Pacific Land Trust

    "We are deeply disappointed at the new lows that the incumbent Trustees have sunk in the past 48 hours, as they have escalated the callous personal attacks against Eric Oliver, his business record, and even his family in order to intimidate him from continuing to run for election as Trustee of TPL.  We are simply not going to dignify such unprofessional and unethical conduct with additional commentary. SoftVest, L.P. has filed a definitive proxy statement with the United States Securities and Exchange Commission (SEC) in connection with the solicitation of proxies for a special meeting of holders of the sub-share certificates of proprietary interests for the election of a new trustee of TP.

  • Business Wire23 days ago

    Texas Pacific Land Trust Sends Letter to Shareholders Detailing Significant Concerns about Dissident Nominee’s Potential Conflicts of Interest and Poor Governance Track Record

    Shareholders Can Protect Their Investment from This Risky Nominee by Voting the Blue Proxy Card FOR General Don Cook

  • Business Wire24 days ago

    Texas Pacific Land Trust Files Investor Presentation Asking Shareholders to “Trust General Cook to Keep TPL on Track”

    Texas Pacific Land Trust (TPL) (the “Trust”) today filed an additional investor presentation with the Securities and Exchange Commission (the “SEC”) titled “Trust General Cook to Keep TPL on Track” to provide shareholders with further information regarding the election of a new Trustee at the upcoming special meeting of shareholders to be held on May 22. All shareholders are encouraged to review the presentation at www.TrustTPL.com. Extraordinary Track Record of Value Creation and Shareholder Returns: The Trust has been a prudent steward of shareholder assets for over a century, which has led to unparalleled growth and capital returns for our shareholders.

  • Business Wire28 days ago

    Texas Pacific Land Trust Announces First Quarter 2019 Financial Results

    Texas Pacific Land Trust today announced financial results for the first quarter ended March 31, 2019.

  • Business Wire28 days ago

    Mission Advisors Issues Open Letter to Texas Pacific Land Trust Shareholders

    Mission Advisors, a long-term oriented investment firm and the second largest shareholder of Texas Pacific Land Trust (TPL) (“TPL”), today issued an open letter to TPL shareholders in connection with the company’s upcoming 2019 Special Meeting of Shareholders, scheduled for May 22, 2019. Missions Advisors strongly recommends that shareholders vote to support TPL with a vote on the BLUE proxy card.