Bartlett & CO. Wealth Management LLC Raises Stock Position in Texas Pacific Land Co. (NYSE:TPL)

Bartlett & CO. Wealth Management LLC lifted its stake in Texas Pacific Land Co. (NYSE:TPL) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,053 shares of the financial services provider’s stock after buying an additional 10 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Texas Pacific Land were worth $5,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Capital Management LLC acquired a new position in Texas Pacific Land in the fourth quarter valued at $226,000. Atomi Financial Group Inc. acquired a new stake in shares of Texas Pacific Land in the 4th quarter valued at about $341,000. UMB Bank n.a. boosted its position in shares of Texas Pacific Land by 2,839.8% in the 4th quarter. UMB Bank n.a. now owns 2,881 shares of the financial services provider’s stock valued at $3,186,000 after purchasing an additional 2,783 shares during the period. Sandbox Financial Partners LLC increased its position in Texas Pacific Land by 17.4% during the fourth quarter. Sandbox Financial Partners LLC now owns 2,722 shares of the financial services provider’s stock worth $3,010,000 after buying an additional 404 shares during the period. Finally, HB Wealth Management LLC increased its position in Texas Pacific Land by 7.1% during the fourth quarter. HB Wealth Management LLC now owns 1,153 shares of the financial services provider’s stock worth $1,276,000 after buying an additional 76 shares during the period. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Pacific Land

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 transaction of $291,549.30. Following the completion of the transaction, the chief accounting officer now owns 584 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders purchased a total of 77 shares of company stock valued at $104,384 in the last ninety days. Insiders own 6.50% of the company’s stock.

Texas Pacific Land Trading Down 0.8 %

TPL stock opened at $1,404.90 on Friday. The company has a market capitalization of $32.28 billion, a P/E ratio of 72.08 and a beta of 1.68. The business has a 50 day simple moving average of $1,326.98 and a 200-day simple moving average of $1,070.88. Texas Pacific Land Co. has a twelve month low of $467.62 and a twelve month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued 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 net margin of 65.34% and a return on equity of 40.57%. The firm had revenue of $173.56 million during the quarter. During the same quarter in the prior year, the company earned $4.58 EPS.

Texas Pacific Land Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. Texas Pacific Land’s payout ratio is 32.84%.

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.