Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC lessened its stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 918 shares of the financial services provider's stock after selling 1,107 shares during the period. Legacy Capital Wealth Partners LLC's holdings in Texas Pacific Land were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC increased its stake in Texas Pacific Land by 3.0% during the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider's stock worth $302,000 after buying an additional 8 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of 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 worth $76,000 after purchasing an additional 12 shares in the last quarter. Signaturefd LLC raised 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 valued at $80,000 after purchasing an additional 13 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Texas Pacific Land by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider's stock valued at $390,000 after purchasing an additional 13 shares in the last quarter. Finally, First Financial Bankshares Inc boosted 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 worth $667,000 after purchasing an additional 16 shares during the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Down 0.3 %

Shares of Texas Pacific Land stock traded down $3.92 during trading hours on Wednesday, reaching $1,406.92. 121,366 shares of the company's stock were exchanged, compared to its average volume of 124,186. The business has a fifty day moving average of $1,279.22 and a two-hundred day moving average of $1,144.34. The company has a market capitalization of $32.33 billion, a P/E ratio of 72.19 and a beta of 1.68. Texas Pacific Land Co. has a 1 year low of $493.40 and a 1 year high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. Texas Pacific Land had a net margin of 65.34% and a return on equity of 40.57%.

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.