Texas Pacific Land Co. (NYSE:TPL) Stock Holdings Lowered by Howland Capital Management LLC

Howland Capital Management LLC lowered its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 8.5% in the 4th quarter, Holdings Channel reports. The fund owned 16,468 shares of the financial services provider’s stock after selling 1,532 shares during the period. Howland Capital Management LLC’s holdings in Texas Pacific Land were worth $18,213,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TPL. Empowered Funds LLC grew its position in Texas Pacific Land by 71.3% in the 4th quarter. Empowered Funds LLC now owns 10,379 shares of the financial services provider’s stock valued at $11,479,000 after buying an additional 4,319 shares in the last quarter. Apollon Wealth Management LLC grew its position in Texas Pacific Land by 6.8% in the 4th quarter. Apollon Wealth Management LLC now owns 695 shares of the financial services provider’s stock valued at $769,000 after buying an additional 44 shares in the last quarter. Vest Financial LLC grew its position in Texas Pacific Land by 34.9% in the 4th quarter. Vest Financial LLC now owns 2,186 shares of the financial services provider’s stock valued at $2,418,000 after buying an additional 565 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Texas Pacific Land by 22.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,084 shares of the financial services provider’s stock valued at $2,305,000 after buying an additional 377 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Texas Pacific Land by 1,900.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,680 shares of the financial services provider’s stock valued at $1,921,000 after buying an additional 1,596 shares in the last quarter. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 0.4 %

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

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

Insider Activity

In other news, CAO Stephanie Buffington sold 210 shares of the stock in a transaction that occurred 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 directly owns 584 shares of the company’s stock, valued at $810,784.72. This represents a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 65 shares of company stock worth $90,745. Corporate insiders own 6.50% 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.