Published on 12 Jan 2024 on Simply Wall St. via Yahoo Finance
With 61% ownership, Texas Pacific Land Corporation (NYSE:TPL) boasts of strong institutional backing
Key Insights
Institutions' substantial holdings in Texas Pacific Land implies that they have significant influence over the company's share price48% of the business is held by the top 25 shareholders Recent purchases by insiders
Every investor in Texas Pacific Land Corporation (NYSE:TPL) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 61% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).