Texas Pacific Land Co. (NYSE:TPL) Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its stake in Texas Pacific Land Co. (NYSE:TPL) by 71.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,379 shares of the financial services provider’s stock after acquiring an additional 4,319 shares during the quarter. Empowered Funds LLC’s holdings in Texas Pacific Land were worth $11,479,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TPL. Geode Capital Management LLC raised its holdings in shares of Texas Pacific Land by 21.5% in the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock worth $411,943,000 after acquiring an additional 81,974 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Texas Pacific Land in the third quarter valued at $45,400,000. State Street Corp increased its stake in Texas Pacific Land by 3.8% in the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock valued at $674,727,000 after purchasing an additional 27,884 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Texas Pacific Land in the third quarter valued at $14,949,000. Finally, Janney Montgomery Scott LLC acquired a new position in Texas Pacific Land in the third quarter valued at $12,928,000. 59.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Pacific Land

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was 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 of the company’s stock, valued at approximately $810,784.72. The trade was a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders bought 65 shares of company stock valued at $90,745. Company insiders own 6.50% of the company’s stock.

Texas Pacific Land Trading Up 0.4 %

Texas Pacific Land stock opened at $1,344.52 on Friday. The firm has a market capitalization of $30.90 billion, a P/E ratio of 68.99 and a beta of 1.68. The stock has a fifty day moving average price of $1,278.49 and a 200 day moving average price of $1,112.95. 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 released its earnings results on Wednesday, November 6th. The financial services provider reported $4.63 EPS for the quarter. The firm had revenue of $173.56 million during 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 company posted $4.58 earnings per share.

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.