Spirit of America Management Corp NY Has $1.72 Million Stock Position in Texas Pacific Land Co. (NYSE:TPL)

Spirit of America Management Corp NY raised its holdings in Texas Pacific Land Co. (NYSE:TPL) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,555 shares of the financial services provider’s stock after acquiring an additional 50 shares during the quarter. Spirit of America Management Corp NY’s holdings in Texas Pacific Land were worth $1,720,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp boosted its stake in Texas Pacific Land by 3.8% in the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock valued at $674,727,000 after buying an additional 27,884 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Texas Pacific Land by 21.5% during the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after purchasing an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 1,984 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its stake in 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 valued at $87,764,000 after purchasing an additional 3,363 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Texas Pacific Land by 10.3% in the third 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 buying an additional 6,598 shares in the last quarter. Institutional investors own 59.94% of the company’s stock.

Insider Activity

In related news, CAO Stephanie Buffington sold 210 shares of the business’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 sale, the chief accounting officer now owns 584 shares of the company’s stock, valued at $810,784.72. The trade was a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders bought 67 shares of company stock valued at $93,367 over the last quarter. 6.50% of the stock is owned by company insiders.

Texas Pacific Land Stock Performance

Shares of TPL opened at $1,357.85 on Wednesday. Texas Pacific Land Co. has a 52 week low of $471.06 and a 52 week high of $1,769.14. The stock has a market capitalization of $31.20 billion, a price-to-earnings ratio of 69.67 and a beta of 1.68. The stock has a fifty day moving average of $1,294.52 and a 200-day moving average of $1,103.43.

Texas Pacific Land (NYSE:TPL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $4.63 EPS 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 during the quarter. During the same quarter in the prior year, the business posted $4.58 earnings per share.

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.