TPL

Texas Pacific Land Trust

Industrial/Transportation


Presented:04/28/2014
Price:$130.63
Cap:$1.11B
Current Price:$1,036.67
Cap:$23.82B

Presented

Date04/28/2014
Price$130.63
Market Cap$1.11B
Ent Value$1.09B
P/E Ratio35.36x
Book Value$3.21
Div Yield0.2%
Shares O/S8.47M
Ave Daily Vol10,000
Short Int0.08%

Current

Price$1,036.67
Market Cap$23.82B
Texas Pacific Land Trust holds title to tracts of land in the state of Texas. It manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. The company is also involved in the sale of land, oil and gas royalties, and grazing leases of the land. As of February 15, 2014, it owned the surface estate in 911,217 acres of land comprising various separate tracts located in 18 counties in the western part of Texas. The company also owned a 1/128 nonparticipating perpetual oil and gas royalty interest under 85,414 acres of land, as well as a 1/16 nonparticipating perpetual oil and gas royalty interest under 373,777 acres of land in the western part of Texas. Texas Pacific Land Trust was founded in 1888 and is based in Dallas, Texas.

Highlights

The presenter is long shares of Texas Pacific Land Trust (TPL), which was established in the late 1800s as a result of the bankruptcy of the Texas and Pacific Railway Company. Today, TPL owns over 900,000 acres of land across western Texas. The land has historically been licensed for grazing, and cash flows have been used for dividends/ share repurchases; more recently, TPL has generated revenue from oil and gas companies looking to drill in the Permian Basin. The company has little/ no Street coverage, but the presenter believes the Cimarex/ Chevron partnership (June 2013) could alter the profile of this below-the-radar trust company.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.