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Stock impact report

Texas Pacific Land Stock Rallies on News of S&P 500 Inclusion [Yahoo! Finance]

Marathon Oil Corporation (MRO) 
Last marathon oil corporation earnings: 2/12 04:30 pm Check Earnings Report
US:NYSE Investor Relations: marathonoil.com/investors
Company Research Source: Yahoo! Finance
TPL's shares, which hit an all-time high Thursday, are surging a further 6% Friday morning. Marathon Oil is being removed from the index as its acquisition by ConocoPhillips is set to close Friday. Texas Pacific Land ( TPL ) shares are rising in premarket trading Friday, a day after S&P Dow Jones Indices said the real estate operating company will be replacing Marathon Oil ( MRO ) in the S&P 500 Index TPL's shares, which closed at $1,515.53 Thursday after touching an all-time intraday high of $1,526.04, are surging a further 6% Friday morning. The change will take effect prior to the start of trading Tuesday, according to S&P Dow Jones Indices, which noted that Marathon Oil is being acquired by ConocoPhillips ( COP ) in a deal expected to close Friday. Dubbed the " S&P Phenomenon ," an announcement of membership tends to lead to a temporary spike in a company's stock, because the index is widely tracked by institutional investors. TPL is one of the largest landowners in T Show less Read more
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