Texas Pacific Land Co. (NYSE:TPL – Get Free Report) CFO Chris Steddum sold 214 shares of Texas Pacific Land stock in a transaction on Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total value of $281,193.86. Following the transaction, the chief financial officer now directly owns 3,502 shares of the company’s stock, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Texas Pacific Land Trading Up 1.1 %
Shares of TPL stock opened at $1,335.99 on Tuesday. The firm has a 50-day moving average price of $1,345.70 and a 200 day moving average price of $1,212.14. Texas Pacific Land Co. has a twelve month low of $553.33 and a twelve month high of $1,769.14. The company has a market capitalization of $30.71 billion, a price-to-earnings ratio of 67.75 and a beta of 1.69.
Texas Pacific Land (NYSE:TPL – Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%. The firm had revenue of $185.78 million during the quarter.
Texas Pacific Land Announces Dividend
Institutional Trading of Texas Pacific Land
A number of institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Texas Pacific Land by 2.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,172 shares of the financial services provider’s stock worth $13,462,000 after purchasing an additional 301 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Texas Pacific Land in the 4th quarter valued at approximately $6,920,000. PKO Investment Management Joint Stock Co acquired a new position in shares of Texas Pacific Land in the 4th quarter valued at approximately $697,000. Siemens Fonds Invest GmbH acquired a new position in shares of Texas Pacific Land in the 4th quarter valued at approximately $1,924,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Texas Pacific Land during the 4th quarter valued at approximately $5,720,000. Hedge funds and other institutional investors own 59.94% 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.
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