Texas Pacific Land Co. (NYSE:TPL) Shares Sold by 1900 Wealth Management LLC

1900 Wealth Management LLC lowered its holdings in Texas Pacific Land Co. (NYSE:TPL) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,411 shares of the financial services provider’s stock after selling 1,236 shares during the period. Texas Pacific Land comprises 0.6% of 1900 Wealth Management LLC’s portfolio, making the stock its 29th largest position. 1900 Wealth Management LLC’s holdings in Texas Pacific Land were worth $7,090,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Texas Pacific Land by 3.8% during the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock worth $674,727,000 after purchasing an additional 27,884 shares during the last quarter. Geode Capital Management LLC raised its stake in Texas Pacific Land by 21.5% during the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after buying an additional 81,974 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Texas Pacific Land by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,418 shares of the financial services provider’s stock worth $120,694,000 after buying an additional 1,984 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in shares of Texas Pacific Land by 3.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider’s stock worth $87,764,000 after acquiring an additional 3,363 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Texas Pacific Land by 10.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,836 shares of the financial services provider’s stock valued at $62,671,000 after acquiring an additional 6,598 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Insider Buying and Selling

In related news, CAO Stephanie Buffington sold 210 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the completion of the transaction, the chief accounting officer now directly owns 584 shares in the company, valued at $810,784.72. This represents a 26.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 65 shares of company stock worth $90,745 over the last quarter. 6.50% of the stock is owned by company insiders.

Texas Pacific Land Price Performance

Shares of TPL opened at $1,333.41 on Friday. The stock has a market capitalization of $30.64 billion, a PE ratio of 68.42 and a beta of 1.68. The business’s fifty day moving average price is $1,283.60 and its 200 day moving average price is $1,107.05. Texas Pacific Land Co. has a 12-month low of $471.06 and a 12-month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $4.63 earnings per share for the quarter. Texas Pacific Land had a net margin of 65.34% and a return on equity of 40.57%. The company had revenue of $173.56 million for the quarter. During the same period last year, the company posted $4.58 earnings per share.

Texas Pacific Land Company Profile

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres, total of approximately 195,000 NRA located in the western part of Texas.