Texas Pacific Land Co. (NYSE:TPL) Stake Decreased by 1900 Wealth Management LLC

1900 Wealth Management LLC cut its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,411 shares of the financial services provider’s stock after selling 1,236 shares during the period. Texas Pacific Land makes up about 0.6% of 1900 Wealth Management LLC’s investment portfolio, making the stock its 29th largest holding. 1900 Wealth Management LLC’s holdings in Texas Pacific Land were worth $7,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TPL. Capital Performance Advisors LLP acquired a new position in shares of Texas Pacific Land during the third quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA bought a new position in Texas Pacific Land during the 3rd quarter valued at $44,000. Quest Partners LLC acquired a new position in shares of Texas Pacific Land during the 3rd quarter valued at $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Texas Pacific Land in the 4th quarter worth $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Texas Pacific Land by 21.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after buying an additional 12 shares during the period. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Stock Down 4.4 %

Shares of TPL stock opened at $1,333.41 on Friday. The stock has a 50-day simple moving average of $1,283.60 and a 200 day simple moving average of $1,107.05. Texas Pacific Land Co. has a fifty-two week low of $471.06 and a fifty-two week high of $1,769.14. The stock has a market capitalization of $30.64 billion, a P/E ratio of 68.42 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings data 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 during the quarter. During the same quarter last year, the business posted $4.58 EPS.

Insider Activity at Texas Pacific Land

In other 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 sale, the chief accounting officer now directly owns 584 shares of the company’s stock, valued at $810,784.72. This represents a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 65 shares of company stock valued at $90,745 over the last ninety days. Insiders own 6.50% of the company’s stock.

About Texas Pacific Land

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.