Golden State Equity Partners Decreases Position in Texas Pacific Land Co. (NYSE:TPL)

Golden State Equity Partners reduced its position in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 39.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 413 shares of the financial services provider's stock after selling 266 shares during the period. Golden State Equity Partners' holdings in Texas Pacific Land were worth $457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. lifted its position in shares of Texas Pacific Land by 14.2% during the second quarter. Sei Investments Co. now owns 901 shares of the financial services provider's stock worth $662,000 after acquiring an additional 112 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Texas Pacific Land during the 2nd quarter valued at $996,000. GAMMA Investing LLC boosted its stake in Texas Pacific Land by 109.3% in the 3rd quarter. GAMMA Investing LLC now owns 113 shares of the financial services provider's stock worth $100,000 after purchasing an additional 59 shares during the period. Sandbox Financial Partners LLC boosted its stake in Texas Pacific Land by 4.9% in the 3rd quarter. Sandbox Financial Partners LLC now owns 2,318 shares of the financial services provider's stock worth $2,051,000 after purchasing an additional 109 shares during the period. Finally, Schoolcraft Capital LLC purchased a new position in Texas Pacific Land during the 3rd quarter valued at about $226,000. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Trading Down 4.4 %

Shares of Texas Pacific Land stock traded down $60.91 on Thursday, reaching $1,333.41. The stock had a trading volume of 118,939 shares, compared to its average volume of 135,982. The business's 50 day moving average is $1,289.67 and its two-hundred day moving average is $1,105.47. Texas Pacific Land Co. has a 1 year low of $471.06 and a 1 year high of $1,769.14. The company has a market cap of $30.64 billion, a P/E ratio of 68.42 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $4.63 earnings per share (EPS) 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 quarter in the prior year, the company earned $4.58 earnings per share.

Insider Buying and Selling

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the business's 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 transaction, the chief accounting officer now owns 584 shares of the company's stock, valued at $810,784.72. The trade was a 26.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have acquired 68 shares of company stock worth $94,760. Corporate insiders own 6.50% of the company's stock.

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.