Texas Pacific Land Corporation


TPL

Price

1519.96


Change

61.84


High

1550.52


Low

1474.2


Avg Volume

33,241


PE Ratio

37.05


52 Week High

1756


52 Week Low

942.42



Profile

The Texas Pacific Land Trust is a publicly traded land trust with its administrative office in Dallas, Texas. Owning well over 900,000 acres in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. TPL was created in February 1888 in the wake of the Texas and Pacific Railway bankruptcy, as a means to dispose of the T&P's vast land holdings. TPL received over 3,500,000 acres , and certain T&P bondholders were allowed to exchange their bonds for trust certificates. The certificates were later divided into "sub-share" certificates , and the sub-share certificates have been traded on the NYSE since January 1927.


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