Hendershot Investments Inc. Sells 500 Shares of Texas Pacific Land Co. (NYSE:TPL)

Hendershot Investments Inc. reduced its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 30.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,137 shares of the financial services provider’s stock after selling 500 shares during the period. Hendershot Investments Inc.’s holdings in Texas Pacific Land were worth $1,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in Texas Pacific Land during the second quarter worth $996,000. GAMMA Investing LLC grew its stake in shares of Texas Pacific Land by 109.3% in the 3rd quarter. GAMMA Investing LLC now owns 113 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 59 shares in the last quarter. CWM LLC grew its stake in shares of Texas Pacific Land by 63.3% in the 3rd quarter. CWM LLC now owns 627 shares of the financial services provider’s stock worth $555,000 after acquiring an additional 243 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of Texas Pacific Land in the third quarter valued at about $184,000. Finally, UMB Bank n.a. lifted its position in shares of Texas Pacific Land by 880.0% during the third quarter. UMB Bank n.a. now owns 98 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 88 shares in the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,344.52 on Friday. The stock has a market cap of $30.90 billion, a PE ratio of 68.99 and a beta of 1.68. Texas Pacific Land Co. has a fifty-two week low of $471.06 and a fifty-two week high of $1,769.14. The firm’s 50-day simple moving average is $1,278.49 and its 200 day simple moving average is $1,110.78.

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

Insider Buying and Selling

In related news, CAO Stephanie Buffington sold 210 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now owns 584 shares in the company, valued at approximately $810,784.72. This trade represents a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have acquired 65 shares of company stock worth $90,745. 6.50% of the stock is owned by company insiders.

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.