Mirae Asset Global Investments Co. Ltd. Purchases 14,685 Shares of Texas Pacific Land Corporation $TPL

Key Points

• Mirae Asset Global Investments opened a position in Texas Pacific Land, buying 14,685 shares in the third quarter, valued at approximately $4.785 million.
• Other institutions also increased their TPL holdings, and institutional investors and hedge funds collectively owned 59.94% of the stock.
• TPL reported quarterly earnings of $2.42 per share and revenue of $273.4 million, topping analyst estimates; it also declared a $0.60-per-share dividend.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,685 shares of the financial services provider's stock, valued at approximately $4,785,000.

A number of other institutional investors have also made changes to their positions in TPL. ProShare Advisors LLC lifted its stake in Texas Pacific Land by 16.4% in the third quarter. ProShare Advisors LLC now owns 11,843 shares of the financial services provider's stock valued at $3,859,000 after buying an additional 1,671 shares during the period. Vise Technologies Inc. grew its position in shares of Texas Pacific Land by 110.2% during the 3rd quarter. Vise Technologies Inc. now owns 1,221 shares of the financial services provider's stock worth $398,000 after buying an additional 640 shares during the period. MGO One Seven LLC grew its position in shares of Texas Pacific Land by 0.4% during the 3rd quarter. MGO One Seven LLC now owns 45,868 shares of the financial services provider's stock worth $14,945,000 after buying an additional 202 shares during the period. Choreo LLC increased its stake in shares of Texas Pacific Land by 12.1% in the 3rd quarter. Choreo LLC now owns 1,372 shares of the financial services provider's stock valued at $447,000 after acquiring an additional 148 shares during the last quarter. Finally, BOKF NA raised its position in shares of Texas Pacific Land by 30.0% in the 3rd quarter. BOKF NA now owns 2,773 shares of the financial services provider's stock valued at $904,000 after acquiring an additional 640 shares during the period. 59.94% of the stock is owned by institutional investors and hedge funds.

Key Texas Pacific Land News

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

• Positive Sentiment: Record Q3 results topped estimates. TPL earned $2.42 per share, ahead of analyst expectations of about $2.33–$2.35, while revenue of $273.4 million exceeded the $251 million estimate. Earnings rose from $1.76 per share a year earlier; coverage highlighted stronger gas realizations as a contributor. Article: Texas Pacific Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Management pointed to broad-based growth. The Q3 earnings call highlighted momentum across the business, supporting the outlook beyond the headline quarterly beat. Article: Texas Pacific Land Earnings Call Signals Broad-Based Growth
• Positive Sentiment: Water infrastructure could add to growth. TPL expects to begin flowing field-produced water into its Orla facility by year-end, a potential operational and revenue opportunity. Article: TPL expects water flows into Orla facility by year-end
• Positive Sentiment: Quarterly dividend declared. The $0.60-per-share dividend is payable December 15 to shareholders of record December 1, equivalent to $2.40 annualized.
• Negative Sentiment: Texas data-center permitting pause clouds development prospects. The pause introduces uncertainty around TPL’s data-center-related opportunities and may temper enthusiasm for otherwise strong results. Article: Texas data-center permitting pause

Texas Pacific Land Trading Down 4.8%

TPL stock opened at $273.81 on Friday. The business's 50-day moving average price is $347.78 and its two-hundred day moving average price is $400.25. The firm has a market cap of $18.88 billion, a PE ratio of 32.18 and a beta of 0.58. Texas Pacific Land Corporation has a 1-year low of $269.23 and a 1-year high of $547.20.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.09. Texas Pacific Land had a return on equity of 37.60% and a net margin of 60.71%. The company had revenue of $273.40 million during the quarter, compared to the consensus estimate of $251.00 million. On average, analysts forecast that Texas Pacific Land Corporation will post 8.88 earnings per share for the current year.

Texas Pacific Land Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, December 1st. Texas Pacific Land's payout ratio is 30.57%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TPL shares. Weiss Ratings raised shares of Texas Pacific Land from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. 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. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $639.00.

About Texas Pacific Land

Texas Pacific Land Corporation NYSE: TPL is a land and resource management company focused on properties in West Texas, particularly the Permian Basin. The company owns approximately 850,000 acres of land and holds extensive oil and gas royalty interests, making it a significant participant in the region's energy development.

Texas Pacific Land generates revenue through royalties on oil and natural gas produced from its acreage, as well as from land sales, easements, leases and other surface-related activities.

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