Texas Pacific Land Co. (NYSE:TPL) Shares Bought by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC lifted its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,194 shares of the financial services provider’s stock after purchasing an additional 1,132 shares during the quarter. Texas Pacific Land comprises 9.4% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 2nd largest position. One Charles Private Wealth Services LLC owned approximately 0.11% of Texas Pacific Land worth $27,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. bought a new stake in Texas Pacific Land in the fourth quarter valued at $29,000. Atala Financial Inc acquired a new position in Texas Pacific Land during the 4th quarter valued at about $31,000. Quest Partners LLC acquired a new position in Texas Pacific Land during the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Texas Pacific Land in the 4th quarter worth about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Texas Pacific Land by 21.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after buying an additional 12 shares during the last quarter. Institutional investors own 59.94% of the company’s stock.

Insider Activity

In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the sale, the chief financial officer now owns 3,502 shares in the company, valued at approximately $4,601,592.98. The trade was a 5.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Micheal W. Dobbs sold 1,150 shares of Texas Pacific Land stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the completion of the transaction, the vice president now directly owns 1,393 shares in the company, valued at approximately $1,771,227.36. This trade represents a 45.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 57 shares of company stock worth $75,675. Corporate insiders own 6.50% of the company’s stock.

Texas Pacific Land Price Performance

Shares of TPL stock opened at $1,373.63 on Friday. The business has a 50 day simple moving average of $1,351.26 and a 200 day simple moving average of $1,217.74. The firm has a market capitalization of $31.57 billion, a price-to-earnings ratio of 69.66 and a beta of 1.69. Texas Pacific Land Co. has a 12-month low of $555.71 and a 12-month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. The company had revenue of $185.78 million for the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%.

Texas Pacific Land Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $6.40 annualized dividend and a yield of 0.47%. Texas Pacific Land’s dividend payout ratio is currently 32.45%.

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.