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Mitsubishi UFJ Asset Management Co. Ltd. Purchases 84,988 Shares of Texas Pacific Land Corporation $TPL
Mitsubishi UFJ Asset Management Co. Ltd. significantly increased its stake in Texas Pacific Land Corporation, purchasing an additional 84,988 shares to bring its total to 122,658 shares valued at approximately $36.5 million. Other institutional investors also boosted their holdings, with institutions now owning nearly 60% of the company. Analysts maintain a “Moderate Buy” rating for Texas Pacific Land, with an average price target of $639, following better-than-expected quarterly earnings and a declared dividend.