Texas Pacific Land Shares Hit All-Time High After Addition to S&P 500

Dow Jones07:48

By Stephen Nakrosis

Shares of Texas Pacific Land touched an all-time high in post-market trading after it was disclosed the company will join the S&P 500 index.

The company will replace Marathon Oil, which is being acquired by ConocoPhillips, S&P Dow Jones Indices said Thursday.

The stock rose 5.71% to $1,602.01 per share after reaching a record high of $1,526.04 in Thursday's market session.

Other changes to the indices include the addition of Atlas Energy Solutions to the S&P SmallCap 600, replacing Mueller Industries. Mueller was moved to the S&P MidCap 400 to replace Texas Pacific Land.

Atlas' stock rose 10.6% to $23.80. Shares of Mueller, which makes copper, brass, aluminum and plastic products, fell 1.5% to $90.24.

The effective date for all changes is Nov. 26.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

November 21, 2024 18:48 ET (23:48 GMT)

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