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Texas Pacific Land

Texas Pacific Land Corp is mainly engaged in the sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres of land. The Water Services and Operations segment encompasses the business of providing full-service water offerings to operators, produced-water treatment, infrastructure development, and disposal solutions. The company generates the majority of its revenue from the Land and Resource Management segment.

Texas Pacific Land Corporation Common Stock

Texas Pacific Land Corp

Timothy Plan US Large/Mid Cap Core ETF

Timothy Plan US Large/Mid Cap Core Enhanced ETF

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TEMPLE & WEBSTER GRP ORD by Temple & Webster Group Ltd.

Temple & Webster Group Ltd

Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) has outperformed the market over the past 10 years by 46.67% on an annualized basis producing an average annual return of 58.46%. Currently, Texas Pacific Land has a market capitalization of $28.88 billion. 
Buying $100 In TPL: If an investor had bought $100 of TPL stock 10 years ago, it would be worth $9,802.36 today based on a price of $1257.00 for TPL at the time of writing.
<h3>Texas Pacific Land's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733872515_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

Here's How Much You Would Have Made Owning Texas Pacific Land Stock In The Last 10 Years

Texas Pacific Land's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) short percent of float has fallen 4.88% since its last report. The company recently reported that it has 1.20 million shares sold short, which is 6.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.76 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Texas Pacific Land Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733839223_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Texas Pacific Land has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Texas Pacific Land's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Texas Pacific Land's peer group average for short interest as a percentage of float is 6.76%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Texas Pacific Land?

Qraft Technologies, a South Korean fintech backed by SoftBank, has significantly increased its investment in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). This decision follows a nearly 40% surge in Tesla&#8217;s shares in November, despite a less-than-stellar Robotaxi event in October.
What Happened: The fintech firm, which manages approximately $50 million across three ETFs, utilizes AI-driven strategies to rebalance its portfolio monthly. Its largest ETF, AMOM, which employs a momentum-factor investing strategy, raised its Tesla holdings from 6.55% to 7.95% in December. This strategy focuses on stocks with strong past performances, betting on their continued growth, Barron&#8217;s <a href="https://www.barrons.com/articles/ai-robot-stock-trader-tesla-eed352d8">reported</a> on Monday.
AMOM&#8217;s strategy seems to align with recent political developments, as CEO&nbsp;Elon Musk&nbsp;is expected to co-lead a government cost-cutting initiative under&nbsp;Donald Trump&#8217;s&nbsp;anticipated administration. The fund has also adjusted its portfolio to include other &#8220;Trump trades&#8221;&nbsp;such as financials, energy, and&nbsp;utilities.
See Also: <a href="https://www.benzinga.com/24/12/42359072/sundar-pichai-takes-a-jab-at-microsofts-ai-efforts-theyre-using-someone-elses-models-doubling-down-on-googles-innovation-power?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google CEO Sundar Pichai Fires Back At Microsoft Over AI, Dismisses Satya Nadella&#8217;s Criticism: &#8216;I Would Love To Do A Side-By-Side Comparison&#8230;Any Day, Any Time&#8217;</a>
These adjustments include new positions in Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>), and Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>). As of November&#8217;s end, AMOM returned 38% in 2024, slightly outperforming the iShares US Momentum ETF. Meanwhile, Qraft&#8217;s QRFT fund, which employs a defensive strategy, matched the S&amp;P 500&#8217;s 26% rise.
Why It Matters: Recently, <a href="https://www.benzinga.com/markets/equities/24/12/42383750/elon-musk-mocks-tesla-shorts-after-stock-hits-400-in-overnight-trading-on-robinhood">Tesla&#8217;s stock hit $400</a> in overnight trading on Robinhood, prompting CEO Elon Musk to mock short sellers. This reflects the volatile nature of Tesla&#8217;s stock and the confidence investors have in its potential growth.
Meanwhile, the anticipated policies of the Trump administration, such as tax cuts and deregulation, are expected to benefit sectors like energy, oil, and gas. According to Yogesh Kansal, chief business officer at Appreciate, these measures could lead to <a href="https://www.benzinga.com/markets/equities/24/11/42383725/trump-administrations-deregulation-efforts-to-lift-energy-oil-and-gas-sectors-ai-frenzy-to-aid-faang-stocks-and-nvidia-says-fintech-insider">higher corporate earnings</a>, further fueling market rallies. However, potential challenges such as increased labor costs due to immigration policies and tariffs could impact profitability and stock prices.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378618/musk-fuels-speculation-on-us-bitcoin-reserve-as-crypto-surges?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Fuels Speculation On US Bitcoin Reserve As Crypto Surges</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
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Markets

General

TSLA

AI Robot Trader Goes All-In On Tesla, Betting Big On Elon Musk's Momentum Amid Trump Trade Plays

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) stock tumbled 16.35%, probably due to OPEC's supply decision.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares plummeted 13.03% after the company announced it halted its application for U.S. semiconductor government grants and cut revenue guidance <a href="https://www.benzinga.com//node/42344223" target="_blank" rel="noreferrer noopener">for the December 2024 quarter</a>.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares dived 13.01% after the company announced <a href="https://www.benzinga.com//node/42267115" target="_blank" rel="noreferrer noopener">the retirement of CEO Pat Gelsinger</a>.</li>
<li>KB Financial Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KB#NYSE">KB</a>) stock declined 12.68%.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) stock dipped 12.48% after it <a href="https://www.benzinga.com//node/42351588" target="_blank" rel="noreferrer noopener">reported first-quarter results</a>. Analysts revised their <a href="https://www.benzinga.com/quote/gwre/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Toast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) stock fell 10.86%. It expanded its partnership with Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to give restaurants more choices and provide guests <a href="https://www.benzinga.com//node/42347476" target="_blank" rel="noreferrer noopener">additional delivery options</a>. Several analysts <a href="https://www.benzinga.com//node/42268538" target="_blank" rel="noreferrer noopener">downgraded the stock</a>.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) stock declined 9.93% following the fatal shooting of the insurance division's CEO Brian Thompson outside a Manhattan hotel where the company was <a href="https://www.benzinga.com//node/42365853" target="_blank" rel="noreferrer noopener">hosting its annual investor conference</a>.</li>
<li>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) stock fell 9.83% last week <a href="https://www.benzinga.com//node/42300450" target="_blank" rel="noreferrer noopener">due to the threat of new tariffs</a> on Canada, which could impact several sectors, including transportation companies.</li>
<li>Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) stock lost 9.67% last week due to ongoing conflict in the Middle East affecting commodity prices.</li>
<li>POSCO HOLDINGS INC. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) shares decreased 9.67%, probably after South Korean President Yoon <a href="https://www.benzinga.com//node/42306717" target="_blank" rel="noreferrer noopener">Suk Yeol declared martial law</a>.</li>
<li>Rocket Lab USA, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock dipped 9.53% last week due to profit-taking in the sector. The company also stated it would announce the launch <a href="https://www.benzinga.com//node/42351319" target="_blank" rel="noreferrer noopener">window for its sixth synspective mission on December 18</a>.</li>
</ol>
Image via Shutterstock

Large Cap

Movers

GWRE

INTC

MCHP

ODFL

RKLB

TOST

UBER

Intel, UnitedHealth And Rocket Lab Are Among Top 11 Large Cap Losers Last Week (Dec 2-Dec 6): Are The Others In Your Portfolio?

America&#8217;s president-elect is set to introduce a series of new energy-focused policies, rolling back regulatory red tape introduced by the Biden administration. Energy stocks, including a handful of drilling and exploration companies, rallied on the stock market following Trump's victory on November 5.&nbsp;
Trump's plans will mean <a href="https://www.cbtnews.com/trumps-energy-agenda-puts-fossil-fuels-back-at-the-center/">rolling back climate-focused efforts</a>, including those under the Inflation Reduction Act (IRA), removing exportation restrictions for liquefied natural gas (LNG), bolstering exploration on federal land, and increasing off-shore production. The new policy package would form part of Trump's "drill baby drill" campaign while emphasizing domestic production and exportation of non-renewables.&nbsp;
By aligning key promises made during his campaign, Trump's fossil fuel agenda could help ignite the energy sector following years of conservative performance. The last couple of years have seen investors turning cold on the energy sector and instead focus more on high-yielding tech stocks.&nbsp;
Regulatory pressures, geopolitical tensions, economic volatility, and a series of energy price crunches have sent energy and oil stocks tumbling. However, despite the more modest performance, the <a href="https://www.spglobal.com/spdji/en/indices/equity/sp-500-energy-sector/#overview">S&amp;P 500 Energy</a> (Sector) is up 12.74% year-to-date, compared to the S&amp;P Global Clean Energy Index which is down -21.28% since the turn of the year.&nbsp;
Investors wanting to diversify their portfolios could see promising results, as next year is looking to present plenty of new opportunities. With the energy, oil, and gas sectors seeing a revival under Trump, a handful of household names could benefit from his policies in the next four years.
<h2 class="wp-block-heading">Enterprise Products Partners</h2>
Enterprise Products Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDP#NYSE">EDP</a>) operates four primary business segments, which include natural gas liquids, crude oil, petrochemical products, and natural gas. The company has roughly 29 natural gas processing plants in North America and operates several key crude oil pipeline systems throughout Oklahoma, New Mexico, and Texas.
Enterprise operates as an integrated midstream energy company, providing transportation, storage, and distribution services to major exploration companies. By playing the middleman, Enterprise has largely been shielded from volatile energy price fluctuations experienced over the last few years.&nbsp;
By the numbers, Enterprise delivered modest but impressive <a href="https://ir.enterpriseproducts.com/news-releases/news-release-details/enterprise-reports-results-third-quarter-2024">results for the third quarter</a>, ending September 30. Overall, the company reported $13.7 billion in revenue, up approximately 14.81% year over year. Net income rose 8% to $1.4 billion, or $0.64 per unit on a fully adjusted basis, compared to $1.3 billion in Q3 2023.
Following the U.S. election, EPD shares rose more than 15% further adding to its ongoing robust performance. Since the turn of the year, share prices have climbed more than 26%. Enterprise shows relative strength and long-term developments could play in the company's favor.&nbsp;
<h2 class="wp-block-heading">Global Partners</h2>
Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) holds a mixed portfolio of energy-focused businesses, providing transportation and distribution solutions to a line of wholesale, commercial, and retail customers across the United States.&nbsp;
With a vertically integrated distribution network, Global Partners creates energy and fossil fuel supply chain dependency for millions of customers across the Northeast. In total, the company has roughly 1,700 retail stations and helps to fill more than one million automobile gas tanks every day.&nbsp;
<a href="https://ir.globalp.com/news/news-details/2024/Global-Partners-Reports-Third-Quarter-2024-Financial-Results/default.aspx">Third-quarter results </a>were modest, in most aspects, with revenue up 4.77% to $4.4 billion for the period ending September 30. Elsewhere, the company reported a 315.87% year-over-year improvement in net cash flow of $305 million for the quarterly period.&nbsp;
This year, the company has aligned its strategy to meet growing volume demand across its key business segments, including Gasoline Distribution and Station Operations. In the last 11 months, the company has integrated 29 new terminals, and capitalized on more favorable conditions in the Wholesale and Commercial segments.&nbsp;
More than this, at the beginning of November, the company <a href="https://www.globalp.com/news/investor-relations/global-partners-lp-completes-acquisition-of-east-providence-liquid-energy-terminal/">announced</a> the acquisition of the ExxonMobil terminal in East Providence, Rhode Island. This transaction will help increase its existing terminal network, adding more than 959,730 barrels of storage and a deep-water dock.
Share prices remain elevated, and have climbed more than 32% this year. GLP is up 9.37% from its peak in June, and post-election performance added more than 17% to its value.
<h2 class="wp-block-heading">Texas Pacific Land</h2>
Trading since 1888, Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) is one of the most established land and resource management companies in the U.S. and holds operations across 19 different counties.&nbsp;
Its revenue stream is divided into several segments, including oil and gas royalties, commercial leases, material and land sales, and easements. In addition to this, Texas Pacific operates key water and operation services, including water sourcing, infrastructure development, water tracking, well tracking, and data analytics.&nbsp;
It's like they say, "Everything is bigger and better in Texas" and with TLP the sky seems to be the limit. During the third quarter earnings report, the company announced several key highlights, including the acquisition of mineral interest across more than 4,106 net royalty acres, and acquired approximately 4,120 surface acres and other surface-related acres.&nbsp;
Royalty production currently stands at 28.3 thousand barrels of oil per day. The company now holds a royalty acreage of 6.9 net well permits, 11.8 net drilled and uncompleted wells, and 79.2 net producing wells.
By the numbers, <a href="https://www.texaspacific.com/investors/news-events/press-releases/detail/164/texas-pacific-land-corporation-announces-third-quarter">revenue rose 9.87%</a> year over year to $173.56 million. Consolidated net income of $106.6 million, equated to $4.63 per diluted share. Elsewhere on their balance sheet, the company announced a special cash dividend of $10.00 per share and a quarterly dividend of $1.17 per share paid in September.&nbsp;
Perhaps the most attractive part of buying TPL is how much share performance has surged this year. Since the beginning of the year, TPL has climbed by more than 206% and is already up more than 79% since the start of the fourth quarter through November 28.&nbsp;
Beyond its share performance, TPL holds plenty of growing momentum. For dividend-focused investors, this could be an option that delivers results, and perhaps benefit from more petroleum-focused policies in the coming years.
<h2 class="wp-block-heading">Energy Stocks: Conclusion</h2>
The energy sector could see a new light once Trump takes office. Increased regulatory support and higher exploration opportunities could present the energy sector with much-needed revival. Investors looking to benefit from this increased activity should look for energy and oil companies that present upside potential, but are shielded from volatile price changes. The next four years could bring big changes for the sector and could see investors turning from tech to energy as a more lucrative and reliable source of income. 
Disclosure: No positions and no conflicts of interest.

Commodities

Buy Baby Buy: 3 Energy Stocks Riding The Trump Presidential Victory

WIIM

EQNR

FANG

PARR

VNOM

Shares of oil and gas companies are lower ahead of OPEC's supply decision on Thursday. The commodity may be falling due to ongoing conflict in the Middle East.

TRGP

Shares of oil and gas companies are trading lower following reports suggesting an Israel-Hezbollah ceasefire.

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol start="1">
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares rocketed 78.42%. The company announced it submitted a<a href="https://www.benzinga.com/node/42111748" target="_blank" rel="noreferrer noopener"> compliance plan to Nasdaq</a>.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) stock jumped 32.93% after the company reported better-than-expected financial results for the third quarter and raised guidance. Several analysts raised price <a href="https://www.benzinga.com/node/42117057" target="_blank" rel="noreferrer noopener">targets following the print</a>.</li>
<li>Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) stock escalated 31.63%  after the company reported better-than-expected third-quarter 2024 results, announced a new $1 billion buyback <a href="https://www.benzinga.com/node/42091624" target="_blank" rel="noreferrer noopener">program, and raised its outlook</a>. Analysts boosted <a href="https://www.benzinga.com/quote/wsm/analyst-ratings" target="_blank" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) stock zoomed 31.52% after the company reported <a href="https://www.benzinga.com/node/42072077" target="_blank" rel="noreferrer noopener">better-than-expected financial results</a>.</li>
<li>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) stock rose 27.21%.</li>
<li>Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) stock rose 25.71% after <a href="https://www.benzinga.com/node/42065028" target="_blank" rel="noreferrer noopener">reporting third-quarter results</a>. Multiple analysts raised <a href="https://www.benzinga.com/quote/as/analyst-ratings" target="_blank" rel="noreferrer noopener">their respective price targets</a>.</li>
<li>Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) shares upped 25.15% after the company reported second-quarter financial results and issued FY25<a href="https://www.benzinga.com/node/42123410" target="_blank" rel="noreferrer noopener"> guidance above estimates</a>. Several analysts boosted the price <a href="https://www.benzinga.com/quote/estc/analyst-ratings" target="_blank" rel="noreferrer noopener">target on the stock</a>.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares escalated 23.85%  after the company announced it completed its previously announced offering of its 0% <a href="https://www.benzinga.com/node/42138209" target="_blank" rel="noreferrer noopener">convertible senior notes due 2029</a>. </li>
<li>YPF Sociedad Anonima (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) shares increased 23.59%, probably on continued strength after the nation received a credit upgrade from Fitch over the weekend.</li>
<li>Datadog, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) stock gained 23.59% last week in sympathy with Snowflake, which reported better-than-expected <a href="https://www.benzinga.com/node/42117057">third-quarter results</a>.</li>
</ol>
Photo by JOCA_PH on Shutterstock

DDOG

ESTC

MSTR

SMCI

SNOW

Super Micro Computer, Snowflake And MicroStrategy Are Among Top 10 Large-Cap Gainers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?

Texas Pacific Land shares are trading higher after the company announced it is set to join the S&P 500.

Mueller Industries To Replace Texas Pacific Land In S&P MidCap 400

Texas Pacific Land  To Replace Marathon Oil In S&P 500

A new 13F filing from Viking Fund Management reveals which companies the fund bought and sold in the third quarter, including exiting some oil companies ahead of the 2024 election.
Third Quarter Exits: Viking Fund Management sold out of eight stocks completely in the third quarter, including positions in some of the largest oil companies.
Here are the positions exited, as <a href="https://13f.info/13f/000116906924000080/compare/000116906924000006">reported </a>by 13finfo:
<ul>
<li>Marathon Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</li>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>)</li>
<li>SM Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>)</li>
<li>Southern Copper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>)</li>
<li>Sociedad Quimica y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>)</li>
<li>Murphy USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSA#NYSE">MUSA</a>)</li>
<li>Sanofi SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NYSE">SNY</a>)</li>
<li>Cactus Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHD#NYSE">WHD</a>)</li>
</ul>
Third Quarter New Positions: The following were the new stocks added to the fund in the third quarter, ranked in size by the dollar value at the end of the quarter.
<ul>
<li>Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>)</li>
<li>EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>)</li>
<li>HF Sinclair Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DINO#NYSE">DINO</a>)</li>
<li>Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>)</li>
<li>NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</li>
<li>Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>)</li>
<li>Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>)</li>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>)</li>
<li>Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>)</li>
<li>Portland General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>)</li>
<li>Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>)</li>
<li>Nutrien (NTR.TO – Canada)</li>
</ul>
 Big Moves: The fund made several changes to its existing positions alongside the new positions and exited positions.
Here are the biggest additions in the quarter to existing stakes:
<ul>
<li>Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>): +16,900%</li>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>): +882%</li>
<li>LyondellBassell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>): +400%</li>
<li>Rio Tinto PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>): +386%</li>
<li>Dow Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>): +200%</li>
</ul>
Here are the biggest position cuts during the quarter to existing stakes:
<ul>
<li>Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>): -60%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): -50%</li>
<li>Haliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>): -40%</li>
<li>ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>): -36%</li>
<li>Ovintiv (OVV.TO – Canada): -33%</li>
</ul>
Why It's Important: At the end of the quarter, these are the fund's largest positions ranked by dollar value and the percentage they make up of the fund:
<ul>
<li>Broadcom: $27.96 million, 4.5%</li>
<li>AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>): $24.88 million, 4.0%</li>
<li>NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>): $22.65 million, 3.7%</li>
<li>Entergy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>): $16.27 million, 2.6%</li>
<li>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>): $14.24 million, 2.3%</li>
</ul>
The fund added significantly to its position in Broadcom, which remains the largest holding.
The quarter saw the sale of several oil stocks, but the fund opened new positions in several energy names in the quarter.
Photo: Shutterstock

ABBV

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Viking Fund Management Sells Big Oil Stocks In Q3, Cuts Tesla Position In Half, Adds To Largest Position Broadcom

Analyst Ratings

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On CNBC, Kevin Simpson Announces Sold Apple Covered Calls, Trimmed Texas Pacific Land Postion, Buys More CME Group

Texas Pacific Land shares are trading lower after the company reported a year-over-year decrease in Q3 EPS results and worse-than-expected Q3 sales results.

Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) reported quarterly earnings of $4.63 per share. This is a 7.03 percent decrease over earnings of $4.98 per share from the same period last year. The company reported quarterly sales of $173.60 million which missed the analyst consensus estimate of $180.75 million by 3.96 percent. This is a 9.90 percent increase over sales of $157.97 million the same period last year.

Earnings

Earnings Misses

Texas Pacific Land Q3 EPS $4.63 Down From $4.98 YoY, Sales $173.60M Miss $180.75M Estimate

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NINE

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Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

CGBS

GEVO

GPRE

Shares of oil and gas companies are trading higher following reports suggesting OPEC+ will delay output increases.

Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) has outperformed the market over the past 5 years by 29.39% on an annualized basis producing an average annual return of 43.2%. Currently, Texas Pacific Land has a market capitalization of $25.23 billion. 
Buying $1000 In TPL: If an investor had bought $1000 of TPL stock 5 years ago, it would be worth $6,021.99 today based on a price of $1098.01 for TPL at the time of writing.
<h3>Texas Pacific Land's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729888215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Texas Pacific Land 5 Years Ago Would Be Worth This Much Today

CRGY

EONR

INDO

MTDR

Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) has outperformed the market over the past 5 years by 27.97% on an annualized basis producing an average annual return of 42.33%. Currently, Texas Pacific Land has a market capitalization of $24.47 billion. 
Buying $1000 In TPL: If an investor had bought $1000 of TPL stock 5 years ago, it would be worth $5,841.33 today based on a price of $1065.07 for TPL at the time of writing.
<h3>Texas Pacific Land's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728921616_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $5,800 Today

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I had never heard of the stock TPL​​​​​​​ in my life until I noticed it as one of the best-performing stocks in every single category of the Killer Longs post.

Texas Tells The Story

Inspired by a previous post, here is a brief look at the top eight performing stocks over the past twenty years.

The Great Eight

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AMZN

AVUV

AXON

BKNG

CALF

CALM

CBOE

COMM

CVNA

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EXEEL

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FTAIM

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Press Releases

KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Texas Pacific Land Corporation Announces Special Dividend of $10 Per Share and Cash Balance Target

Texas Pacific Land Corporation Sets Dates for Second Quarter 2024 Earnings Release and Conference Call

Texas Pacific Land Corporation Announces Second Quarter Results and Another Record Performance From Water Segment

Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage in Cash Transactions

Texas Pacific Land Corporation Acquires Permian Oil and Gas Mineral and Royalty Interests in Cash Transaction

Texas Pacific Land Corporation Sets Dates for Third Quarter 2024 Earnings Release and Conference Call

Texas Pacific Land Corporation Announces Third Quarter Results

Texas Pacific Land Set to Join S&P 500, Mueller Industries to Join S&P MidCap 400 and Atlas Energy Solutions to Join S&P SmallCap 600

Demand For Helium is Becoming an Extremely High-Value Commodity and Billion Dollar Industry

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