Texas Pacific Land Corporation


TPL

Price

1670.1


Change

3.61


High

1709.76


Low

1658.93


Avg Volume

28,669


PE Ratio

31.65


52 Week High

1991.54


52 Week Low

1258.74



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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