TPL — S&P 500 index addition

Texas Pacific Land (TPL) entered the S&P 500 at the close on Nov 26, 2024, replacing Marathon Oil. The recorded announcement came 4 calendar days before the effective close, on Nov 22, 2024. The company is classified in Energy in this dataset.

In the 30 calendar days leading into the effective close, TPL moved +26.3%. The median 30-day run-up among the 25 S&P 500 entries with a recorded announcement and prices for that interval was +16.9%; this stock was 9.3 percentage points above that median. Measured from the effective close, TPL returned 1W: +0.7% versus +0.3% for the 28-entry index median; 1M: -10.7% versus +2.2% for the 28-entry index median; 3M: -4.7% versus +5.2% for the 28-entry index median; 1Y: -34.9% versus +11.6% for the 24-entry index median. These figures do not measure movement from the announcement price.

At 1M, it ranks 26th of 28 measured S&P 500 additions and lagged the benchmark by 9.8 percentage points. At 3M, it ranks 20th of 28 measured S&P 500 additions and lagged the benchmark by 4.5 percentage points. At 1Y, it ranks 23rd of 24 measured S&P 500 additions and lagged the benchmark by 50.1 percentage points. The other 1 Energy addition with a measured 1M return averaged +3.7%. This is historical context, not a projection.