Texas Pacific Land's stock price reached a historic high in after-hours trading, following news that the company will be included in the s&p 500 index. S&p dow jones industrial average announced on Thursday that the company will replace Marathon Petroleum, which is soon to be acquired by ConocoPhillips.
Other index adjustments include: Atlas Energy Solutions being included in the s&p small cap 600 index, replacing Mueller Industries. Mueller is being moved to the s&p mid cap 400 index, replacing Texas Pacific Land. All changes will take effect on November 26.
Texas Pacific Land rose 5.71% after hours to $1,602.01, having reached a historical high of $1,526.04 during Thursday's trading session. Atlas's stock price rose 10.6% to $23.80. Mueller, which produces copper, brass, aluminum, and plastics, saw its stock price fall 1.5% to $90.24.
