One of 2024's Hottest Stocks Has Hit a Rough Stretch -- WSJ

Dow Jones12-13

By Ryan Dezember

Talk about selling your winners.

Texas Pacific Land, the bankrupt 19th-century railroad turned energy-stock juggernaut, is at risk of declining for a seventh straight day amid its most-severe slump since the Covid market crash in March 2020.

Shares of the oil-patch landowner have tumbled about 25% since joining the S&P 500 last last month. Nonetheless, Texas Pacific remains one of nine stocks in the broad index to have at least doubled this year.

The firm owns swaths of desert in the Permian Basin, collecting rent and royalties from drillers in a corner of the U.S. that producers more oil and gas than many OPEC members.

Texas Pacific has lately been buying more land and adding bitcoin miners, battery firms, wind farms, solar arrays, and carbon-sequestration projects to its list of tenants.

Read more about Texas Pacific's rise:

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 12, 2024 14:04 ET (19:04 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491534343?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-13 03:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491534343","market":"hk","top_or_hot":-1,"title":"One of 2024's Hottest Stocks Has Hit a Rough Stretch -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Ryan Dezember \n</p>\n<p>\n     Talk about selling your winners. \n</p>\n<p>\n     Texas Pacific Land, the bankrupt 19th-century railroad turned energy-stock juggernaut, is at risk of declining for a seventh straight day amid its most-severe slump since the Covid market crash in March 2020. \n</p>\n<p>\n     Shares of the oil-patch landowner have tumbled about 25% since joining the S&amp;P 500 last last month. Nonetheless, Texas Pacific remains one of nine stocks in the broad index to have at least doubled this year. \n</p>\n<p>\n     The firm owns swaths of desert in the Permian Basin, collecting rent and royalties from drillers in a corner of the U.S. that producers more oil and gas than many OPEC members. \n</p>\n<p>\n     Texas Pacific has lately been buying more land and adding bitcoin miners, battery firms, wind farms, solar arrays, and carbon-sequestration projects to its list of tenants. \n</p>\n<p>\n     Read more about Texas Pacific's rise: \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 14:04 ET (19:04 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One of 2024's Hottest Stocks Has Hit a Rough Stretch -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne of 2024's Hottest Stocks Has Hit a Rough Stretch -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 03:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Ryan Dezember \n\n\n     Talk about selling your winners. \n\n\n     Texas Pacific Land, the bankrupt 19th-century railroad turned energy-stock juggernaut, is at risk of declining for a seventh straight ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPL","symbol_name":"Texas Pacific Land Trust Sub Sha","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2491534343","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491534343","pubTimestamp":1734030240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Texas Pacific Land, the bankrupt 19th-century railroad turned energy-stock juggernaut, is at risk of declining for a seventh straight day amid its most-severe slump since the Covid market crash in March 2020.Shares of the oil-patch landowner have tumbled about 25% since joining the S&P 500 last last month. Nonetheless, Texas Pacific remains one of nine stocks in the broad index to have at least doubled this year.The firm owns swaths of desert in the Permian Basin, collecting rent and royalties from drillers in a corner of the U.S. that producers more oil and gas than many OPEC members.Texas Pacific has lately been buying more land and adding bitcoin miners, battery firms, wind farms, solar arrays, and carbon-sequestration projects to its list of tenants.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TPL":"Texas Pacific Land Trust Sub Sha","BK4213":"石油与天然气的勘探与生产"},"translate_title":"2024年最热门的股票之一陷入了困境——《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPL":0.9},"content_text":"By Ryan Dezember \n\n\n     Talk about selling your winners. \n\n\n     Texas Pacific Land, the bankrupt 19th-century railroad turned energy-stock juggernaut, is at risk of declining for a seventh straight day amid its most-severe slump since the Covid market crash in March 2020. \n\n\n     Shares of the oil-patch landowner have tumbled about 25% since joining the S&P 500 last last month. Nonetheless, Texas Pacific remains one of nine stocks in the broad index to have at least doubled this year. \n\n\n     The firm owns swaths of desert in the Permian Basin, collecting rent and royalties from drillers in a corner of the U.S. that producers more oil and gas than many OPEC members. \n\n\n     Texas Pacific has lately been buying more land and adding bitcoin miners, battery firms, wind farms, solar arrays, and carbon-sequestration projects to its list of tenants. \n\n\n     Read more about Texas Pacific's rise: \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  December 12, 2024 14:04 ET (19:04 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491534343"}