Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Golden State Equity Partners

Golden State Equity Partners lowered its position in Texas Pacific Land Co. (NYSE:TPL) by 39.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 413 shares of the financial services provider’s stock after selling 266 shares during the quarter. Golden State Equity Partners’ holdings in Texas Pacific Land were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Texas Pacific Land in the 3rd quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Texas Pacific Land in the 3rd quarter valued at $44,000. Quest Partners LLC acquired a new position in Texas Pacific Land during the 3rd quarter worth about $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Texas Pacific Land during the 4th quarter valued at about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 2.7 %

Texas Pacific Land stock opened at $1,332.33 on Tuesday. The company’s 50 day moving average is $1,298.81 and its two-hundred day moving average is $1,099.61. The firm has a market cap of $30.62 billion, a PE ratio of 68.36 and a beta of 1.68. Texas Pacific Land Co. has a 52-week low of $471.06 and a 52-week 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 (EPS) for the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%. The company had revenue of $173.56 million for the quarter. During the same period in the prior year, the business earned $4.58 EPS.

Insider Buying and Selling at Texas Pacific Land

In related news, CAO Stephanie Buffington sold 210 shares of the business’s stock in a transaction that occurred 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 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 through the SEC website. In the last three months, insiders have bought 69 shares of company stock valued at $96,010. Insiders own 6.50% of the company’s stock.

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.