5 Best Guru Stocks To Buy Now

1. Texas Pacific Land Corporation (NYSE:TPL)

Number of Hedge Fund Holders: 22

Percentage of Guru Index ETF’s Net Assets as of October 18: 1.87%

Texas Pacific Land Corporation (NYSE:TPL) engages in land and resource management and water services businesses. The company distributed a $3 per share quarterly dividend on September 15. Texas Pacific Land Corporation (NYSE:TPL) is the largest holding in Guru’s portfolio as of October 18. The ETF owns a stake worth $850.75 million in Texas Pacific Land Corporation (NYSE:TPL), representing 1.87% of the total holdings. 

On September 9, Texas Pacific Land Corporation (NYSE:TPL) and WaterBridge announced a long-term agreement to provide full-cycle water solutions to support sustainable oil and gas development on over 64,000 acres in Loving and Reeves County in the core of the Delaware Basin.

According to Insider Monkey’s second quarter database, 22 hedge funds were long Texas Pacific Land Corporation (NYSE:TPL), compared to 19 funds in the preceding quarter. Murray Stahl’s Horizon Asset Management is the largest position holder in the company, with 1.50 million shares worth $2.24 billion. 

Here is what Wedgewood Partners specifically said about Texas Pacific Land Corporation (NYSE:TPL) in its Q3 2022 investor letter:

“Texas Pacific Land Corporation (NYSE:TPL) was a top contributor to performance during the quarter. Revenue vaulted over +80% as oil and gas royalties more than doubled, plus water sales nearly doubled. Most of this was driven by higher realized prices on the production of oil and gas on the Company’s acreage. Production of oil and gas also grew +21%. The Company’s royalty interests span over 880,000 acres in West Texas. Most of this land is located in the highly productive Delaware Basin within the Permian Basin. We expect development activity will continue to grow at a rapid pace in this region, primarily driven by both domestic and multinational producers looking to maximize returns on increasingly scarce oil and gas capital expenditures. Further, as the tragic war in Ukraine has unfolded, energy security has become an increasingly important issue for countries around the globe. The production of hydrocarbons on Texas Pacific’s acreage represents a “port in the storm” for the U.S. and for allies too that are dependent on the energy of hostile countries. It is difficult to know how any specific policy will evolve but possessing a commanding acreage position in one of the most productive regions in the country puts the Company in an excellent strategic and competitively advantaged position.”

You can also take a look at 10 Best Robotics Stocks To Buy Now and 10 Best Video Game Stocks To Buy. 

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