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 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.
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 is well-positioned to capitalize on new technologies and the growth of unique well designs.
Texas Pacific Land Corporation 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.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
