5 Pro-Life Companies to Invest In

1. Texas Pacific Land Corporation (NYSE:TPL)

Texas Pacific Land Corporation (NYSE:TPL) is one of the biggest private landowners in the state of Texas. The stock accounts for about 15% of the Ave Maria Value Fund, as of the end of the third quarter. In the third quarter of 2022, the company posted GAAP EPS of $16.82, easily beating the consensus estimates by $2.44. Revenue in the period jumped about 55% to come in at $191.1 million, beating the Street estimates by $15.4 million. The company’s management said that it continues to profit from strong commodity prices and operator development activity in the Permian Basin.

Texas Pacific Land Corporation (NYSE:TPL) also has a decent standing when it comes to hedge fund popularity. As of the end of the September quarter of last year, 20 funds in Insider Monkey’s database of 920 funds had stakes in the company. The total value of these stakes was $2.7 billion.

Texas Pacific Land Corporation (NYSE:TPL) is also a dividend payer. On November 1, 2022, the company’s board announced a cash dividend of $3.00 per share, which was payable on December 15, 2022 to stockholders of record at the close of business on December 8, 2022.

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 peek at 10 Stocks to Buy According to Mark T. Gallogly’s Centerbridge Partners and 8 Stocks to Buy According to Alexander Captain’s Cat Rock Capital.