IPG Investment Advisors LLC Sells 3,689 Shares of Texas Pacific Land Corporation $TPL
MarketBeat
IPG Investment Advisors LLC decreased its stake in Texas Pacific Land Corporation (NYSE:TPL) by 31.2% in the second quarter, selling 3,689 shares and retaining 8,130 shares valued at approximately $3.56 million. Despite institutional investors collectively owning 59.94% of the company, TPL's shares opened below their 50-day and 200-day moving averages. The company reported better-than-expected quarterly EPS of $2.23 but slightly missed revenue estimates, and analysts currently maintain a "Hold"
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