|Bid||0.00 x 1000|
|Ask||901.05 x 800|
|Day's Range||892.45 - 915.05|
|52 Week Range||409.00 - 915.66|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||33.27|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||1.75 (0.23%)|
|1y Target Est||N/A|
Texas Pacific Land Trust (TPL) (the “Trust”) today responded to several false or misleading statements recently made by dissident trustee nominee Eric Oliver regarding some of the Trust’s key transactions. The Trust observed that Mr. Oliver either fundamentally misunderstands the business or intentionally misrepresents information about the Trust in an attempt to mislead investors – either of which should disqualify him from a seat on TPL’s Board of Trustees. Mr. Oliver’s shockingly uninformed statements make it clearer than ever that shareholders’ best choice for their new trustee is General Don Cook.
Eric Oliver Also Releases New Video DALLAS , April 23, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family Partners, which collectively beneficially own over 25% of the outstanding ...
General Donald “Don” G. Cook (“General Cook”), a nominee for election as Trustee of Texas Pacific Land Trust (TPL) (the “Trust”), has penned a letter to shareholders to offer his personal perspectives on his candidacy for the vacant Trustee seat. The Trust also announced that General Cook will host a video Q&A available on Thursday, April 25, during which he will respond to questions submitted by shareholders and provide his personal perspectives on the issues. “TPL shareholders deserve to hear directly from me, and I look forward to answering their questions and addressing what is at stake during this important election,” said General Cook.
Short of that, you must level the playing field by providing Mr. Oliver a copy of the NOBO list that is in your possession. Last week Mr. Oliver received a letter from one of your two law firms regarding his previous request for a copy of the NOBO list. We think your attorney's letter shows PRECISELY what is wrong with TPL.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So we'll take a loo...
Texas Pacific Land Trust (TPL) (the “Trust”) today filed an investor presentation with the Securities and Exchange Commission (the “SEC”) to continue to provide investors with additional information about the evolution of the Trust’s business model. The presentation provides information on the Trust’s valuable assets and thoughtful investment strategy as well as the significant value creation opportunities across its businesses, including in its fast-growing Texas Pacific Water Resources business. This winning strategy allowed the Trust to deliver outstanding shareholder returns of 475% in the five years preceding the start of the dissidents’ campaign, including approximately $250 million returned to shareholders through dividends and share repurchases during that period.
Shareholders Will Benefit from General Cook’s Extensive Public Company Leadership Experience
Urge Trustees to Restore a Civil Discourse Around the Upcoming Election, Stop Spending Shareholders' Money on Social Media Ads DALLAS , April 11, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC ...
Introduces Four-Star General Donald “Don” G. Cook as Trustee Candidate
Urge Shareholders to Vote For Eric Oliver Using the White Proxy Card DALLAS , April 9, 2019 /PRNewswire/ -- SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family Partners, which collectively beneficially ...
Texas Pacific Land Trust (TPL) (the “Trust”) today filed its definitive proxy statement with the U.S. Securities and Exchange Commission (“SEC”) in support of the election of its highly-qualified nominee, retired Four-Star U.S. Air Force General Donald “Don” G. Cook, as Trustee. All votes must be received prior to the closing of polls at the Special Meeting of the shareholders scheduled for May 22, 2019. The Trust’s proxy statement will be mailed to all shareholders, along with the Trust’s BLUE proxy card.
Texas Pacific Land Trust (TPL) (the “Trust” or “Texas Pacific”) confirms that it has received a notice from SoftVest, L.P. nominating its own principal, Eric L. Oliver, as a candidate for election as trustee (the “Trustees”) at the Trust’s upcoming special meeting of holders of sub-share certificates (the “Special Meeting”). In light of the nomination notice, the Trust has postponed the date of its Special Meeting, which was originally scheduled to be held on May 8, 2019, until May 22, 2019. The previously announced record date for the Special Meeting of March 28, 2019 remains unchanged.
Texas Pacific Land Trust, one of the biggest private landowners in Texas, on Monday took a first step in fighting back against a large investor which is seeking to install its own trustee and begin selling off the firm's portfolio. Texas Pacific plans to postpone by two weeks the date of a special meeting where shareholders will vote to fill a vacant trustee spot, a person with direct knowledge of the matter told Reuters. The meeting to replace Maurice Meyer III, one of three trustees who resigned his office earlier this year and died on March 24, will be on May 22.
Texas Pacific Land Trust (TPL) (the “Trust”) announces with great sadness the death on March 24, 2019 of Maurice Meyer III, who served as Trustee of the Trust since 1991, and its Chairman since 2003 until his resignation on February 25, 2019. Mr. Meyer served the Trust with passion, loyalty and integrity for almost three decades. The Trust extends its condolences to the family, friends and colleagues of Mr. Meyer as we mourn this great loss and remember the brilliant, charismatic man he was, and acknowledge his steadfast commitment to the Trust and its certificate holders.
The return on equity of -211.13% and return on assets of -41.80% are underperforming 84% of companies in the Global Drug Manufacturers - Specialty and Generic industry. The company's largest guru shareholder is Jim Simons (Trades, Portfolio)' Renaissance Technologies with 4.75% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 1.53%. The return on equity of -0.71% and return on assets of -0.42% are underperforming 72% of companies in the Global Coal industry.
Every investor in Texas Pacific Land Trust (NYSE:TPL) should be aware of the most powerful shareholder groups. Large companies usually have institutions as shareholders, and we usually see insiders owningRead More...
Texas Pacific Land Trust (TPL) announced that Maurice Meyer III notified Texas Pacific Land Trust (the “Trust”) of his resignation as a Trustee and Chairman of the Board of Trustees effective February 25, 2019, in light of certain health issues. Mr. Meyer has served as a Trustee of the Trust since 1991, including as Chairman since 2003. The Trust wishes to express its recognition and deep appreciation for Mr. Meyer's many years of valuable service to the Trust and its certificate holders.
Texas Pacific Land Trust (TPL) announced today that its Board of Trustees has declared a cash dividend of $1.75 per sub-share, a $0.70 increase over the prior year, payable March 15, 2019, to sub-shareholders of record at the close of business on March 8, 2019. Additionally, the Trustees declared a special dividend of $4.25 per sub-share payable March 15, 2019, to sub-share holders of record at the close of business on March 8, 2019. This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.
The Dallas-based company said it had net income of $8.06 per share. The landowner posted revenue of $93.2 million in the period. For the year, the company reported profit of $209.7 million, or $26.93 per ...
Texas Pacific Land Trust today announced financial results for the fourth quarter ended December 31, 2018.
Shares of Renn Fund Inc. (RCG) represent an opportunity to acquire a portfolio of publicly traded stocks at a 30% discount. Warning! GuruFocus has detected 2 Warning Signs with RCG. Originally known as Renaissance Capital Growth & Income Fund III Inc. (RCG), the company was founded in 1994 by Texas investment professional Russell Cleveland.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...