Kingswood Wealth Advisors LLC Has $4.19 Million Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Kingswood Wealth Advisors LLC lowered its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,788 shares of the financial services provider’s stock after selling 433 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Texas Pacific Land were worth $4,189,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TPL. Hilltop Holdings Inc. boosted its stake in Texas Pacific Land by 290.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock worth $1,606,000 after purchasing an additional 1,350 shares during the period. Quantinno Capital Management LP lifted its stake in Texas Pacific Land by 63.5% in the 3rd quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock valued at $2,634,000 after acquiring an additional 1,156 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Texas Pacific Land by 5.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock worth $7,864,000 after acquiring an additional 431 shares during the last quarter. Biltmore Family Office LLC acquired a new stake in shares of Texas Pacific Land in the third quarter valued at approximately $337,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Texas Pacific Land in the fourth quarter worth $641,000. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $1,388.33, for a total value of $291,549.30. Following the transaction, the chief accounting officer now directly owns 584 shares in the company, valued at $810,784.72. The trade was a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 75 shares of company stock valued at $102,582 over the last 90 days. 6.50% of the stock is currently owned by insiders.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,363.14 on Monday. The stock has a market capitalization of $31.33 billion, a PE ratio of 69.94 and a beta of 1.68. The company’s 50-day moving average price is $1,327.04 and its two-hundred day moving average price is $1,079.54. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $1,769.14.

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

Texas Pacific Land Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $1.60 dividend. This is an increase from Texas Pacific Land’s previous quarterly dividend of $1.17. This represents a $6.40 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, December 2nd. Texas Pacific Land’s dividend payout ratio (DPR) is 32.84%.

Texas Pacific Land 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.