Vest Financial LLC Has $2.42 Million Stock Position in Texas Pacific Land Co. (NYSE:TPL)

Vest Financial LLC boosted its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 34.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,186 shares of the financial services provider’s stock after purchasing an additional 565 shares during the quarter. Vest Financial LLC’s holdings in Texas Pacific Land were worth $2,418,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Caprock Group LLC lifted its position in shares of Texas Pacific Land by 3.0% in the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 8 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in 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 period. Signaturefd LLC lifted its stake in Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 13 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Texas Pacific Land by 3.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 13 shares during the period. Finally, First Financial Bankshares Inc grew its stake in Texas Pacific Land by 2.2% during the 3rd quarter. First Financial Bankshares Inc now owns 754 shares of the financial services provider’s stock valued at $667,000 after acquiring an additional 16 shares in the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Pacific Land

In related news, CAO Stephanie Buffington sold 210 shares of Texas Pacific Land 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 completion of the sale, the chief accounting officer now owns 584 shares of the company’s stock, valued at approximately $810,784.72. The trade was a 26.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 65 shares of company stock worth $90,745 over the last 90 days. 6.50% of the stock is currently owned by corporate insiders.

Texas Pacific Land Price Performance

NYSE TPL opened at $1,344.52 on Friday. Texas Pacific Land Co. has a 52-week low of $471.06 and a 52-week high of $1,769.14. The firm has a market capitalization of $30.90 billion, a price-to-earnings ratio of 68.99 and a beta of 1.68. The company has a 50 day simple moving average of $1,278.49 and a 200-day simple moving average of $1,112.95.

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

Texas Pacific Land 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.