Ipswich Investment Management Boosts Stake in Texas Pacific Land Corporation (TPL)

Texas Pacific Land Corporation (NYSE:TPL) is among the most profitable oil stocks to buy now. During the second quarter, Ipswich Investment Management Co. Inc. lifted its holdings in Texas Pacific Land Corporation (NYSE:TPL) by 6.8% through the purchase of 290 shares of the company’s stock. According to a recent disclosure with the SEC, the firm now owns 4,535 shares, making the stock its twenty-seventh largest holding.

We already know that Texas Pacific Land Corporation (NYSE:TPL) is a premier Permian Basin landowner with strong financials. If we compare the 5-year return with the market’s return, the company has outperformed it by an impressive 458.49%. During its latest earnings, management highlighted the company’s resilience to commodity price swings.

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While many doubt “peak Permian,” management is confident regarding its prospects as they believe Permian still has a long runway of untapped reserves. With an emphasis on innovation and efficiency in the Permian, Texas Pacific Land Corporation (NYSE:TPL) is well-positioned to capitalize on new technologies and the growth of unique well designs.

Texas Pacific Land Corporation (NYSE:TPL) is a Texas-based company specializing in land and resource management, as well as water services and operations businesses. Founded in 1888, the company is committed to optimizing its assets for long-term value.

While we acknowledge the potential of TPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TPL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.