Texas Pacific Land Stock Rallies on News of S&P 500 Inclusion

KEY TAKEAWAYSTexas Pacific Land shares rose in intraday trading Friday, a day after S&P Dow Jones Indices said the real estate operating company will be replacing Marathon Oil in the S&P 500.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 rose in intraday trading Friday, a day after S&P Dow Jones Indices said the real estate oper ...