CoreCap Advisors LLC Has $2.27 Million Stake in Texas Pacific Land Corporation $TPL

Key Points

• CoreCap Advisors increased its Texas Pacific Land stake by 86,516.7% in the second quarter, ending the period with 5,197 shares valued at approximately $2.27 million. Institutional investors collectively own 59.94% of TPL.
• TPL reported record second-quarter results, including $246.1 million in revenue, $153.9 million in net income and $2.23 in earnings per share, exceeding the $2.18 consensus estimate. The company also declared a quarterly dividend of $0.60 per share.
• Despite the earnings beat, revenue missed estimates and water-sales revenue declined, while TPL’s planned investments in data centers, power generation and water infrastructure could require significant capital. Analysts maintain a consensus “Hold” rating, with an average price target of $639.

CoreCap Advisors LLC increased its stake in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 86,516.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,197 shares of the financial services provider's stock after purchasing an additional 5,191 shares during the quarter. CoreCap Advisors LLC's holdings in Texas Pacific Land were worth $2,274,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Texas Pacific Land by 39.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,940 shares of the financial services provider's stock valued at $2,570,000 after buying an additional 545 shares during the last quarter. NewEdge Advisors LLC raised its position in Texas Pacific Land by 74.1% during the 1st quarter. NewEdge Advisors LLC now owns 914 shares of the financial services provider's stock worth $1,211,000 after purchasing an additional 389 shares during the last quarter. Woodline Partners LP lifted its holdings in Texas Pacific Land by 40.8% during the 1st quarter. Woodline Partners LP now owns 1,592 shares of the financial services provider's stock worth $2,109,000 after buying an additional 461 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Texas Pacific Land by 21.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 68 shares of the financial services provider's stock worth $72,000 after buying an additional 12 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Texas Pacific Land by 2,177.5% in the 2nd quarter. Marshall Wace LLP now owns 4,555 shares of the financial services provider's stock valued at $4,812,000 after buying an additional 4,355 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Pacific Land

In related news, CFO Chris Steddum sold 830 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $400.33, for a total value of $332,273.90. Following the completion of the sale, the chief financial officer directly owned 12,040 shares of the company's stock, valued at approximately $4,819,973.20. This represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 6.90% of the company's stock.

Texas Pacific Land News Summary

Here are the key news stories impacting Texas Pacific Land this week:

• Positive Sentiment: TPL reported record second-quarter revenue of $246.1 million, net income of $153.9 million and free cash flow of $155.5 million. Earnings of $2.23 per share exceeded the consensus estimate of $2.18 and rose from $1.68 a year earlier. Texas Pacific Land Corporation Announces Second Quarter Results
• Positive Sentiment: Oil and gas royalty revenue increased sequentially, supported by higher royalty production and stronger realized pricing. Management also highlighted a strategic growth pivot involving data centers, power generation and produced-water infrastructure. Texas Pacific Land Earnings Call Signals Growth Pivot
• Positive Sentiment: The company declared a quarterly dividend of $0.60 per share, payable September 15 to shareholders of record September 1, providing continued income support for investors. Texas Pacific Land Dividend and Results
• Neutral Sentiment: TPL is commissioning a produced-water desalination facility in Orla, Texas and made $110.2 million of land acquisitions tied to data-center and power-generation initiatives. These investments could diversify future revenue but may require substantial capital before producing meaningful returns. TPL Q2 2026 Earnings Call Transcript
• Negative Sentiment: Revenue fell short of the approximately $249.5 million analyst estimate, even though earnings beat expectations. Investors also noted that water-sales revenue declined to $39.7 million from $46.9 million in the prior quarter as volumes dropped. Texas Pacific Land Falls After Q2 Report
• Negative Sentiment: The sell-the-news reaction reflects elevated expectations for TPL’s premium-valued stock. Management cautioned that commodity prices and customers’ development decisions directly affect revenue, adding uncertainty to forward results.

Analyst Ratings Changes

TPL has been the topic of several analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Texas Pacific Land in a report on Wednesday, July 29th. Zacks Research raised shares of Texas Pacific Land from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Texas Pacific Land has an average rating of "Hold" and an average price target of $639.00.

Texas Pacific Land Stock Performance

Shares of Texas Pacific Land stock opened at $356.66 on Friday. The stock has a market capitalization of $24.60 billion, a PE ratio of 45.45 and a beta of 0.60. Texas Pacific Land Corporation has a 52 week low of $269.23 and a 52 week high of $547.20. The stock has a 50 day moving average price of $393.65 and a two-hundred day moving average price of $422.29.

Texas Pacific Land (NYSE:TPL - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.05. Texas Pacific Land had a net margin of 60.32% and a return on equity of 37.06%. The firm had revenue of $246.10 million for the quarter, compared to the consensus estimate of $249.50 million. Research analysts forecast that Texas Pacific Land Corporation will post 8.88 EPS for the current year.

Texas Pacific Land Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.40 annualized dividend and a yield of 0.7%. Texas Pacific Land's dividend payout ratio is 30.57%.

Texas Pacific Land Company Profile

Texas Pacific Land Corporation NYSE: TPL is a Texas-based land management company that derives revenue from the ownership and stewardship of large tracts of land and associated mineral rights in West Texas. The company's origins trace to 19th century land grants associated with the Texas and Pacific Railway; over time those grant holdings have been retained and managed as a standalone corporate asset base. Texas Pacific Land is publicly listed and operates as a landowner and resource manager rather than as a traditional oil and gas producer.

The company's primary activities include management of surface rights and leasing of land for energy and other commercial uses, administration of mineral royalty interests, and provision of water and related services to industrial customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source