Why Stock-Split Stock Texas Pacific Land Corporation Beat the Market Today
2026-02-23 19:49:15 ET
On a trading day where the bears largely had their way, Texas Pacific Land Corporation (NYSE: TPL) stock landed in the black on Monday. Its share price closed 0.6% higher, thanks in no small part to an analyst price target increase, which looked impressive next to the S&P 500 index's more than 1% decline.
Texas Pacific, which is basically a landlord with vast holdings in the oil-rich Permian Basin, is now worth $639 per share, according to KeyBanc's Tim Rezvan. That's quite a change from the pundit's preceding level, which was $350. In making the adjustment, Rezvan held fast to his overweight (read: buy) recommendation on Texas Pacific's equity.
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NASDAQ: TPL
TPL Trading
1.35% G/L:
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