1900 Wealth Management LLC Has $7.09 Million Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

1900 Wealth Management LLC reduced its position in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,411 shares of the financial services provider's stock after selling 1,236 shares during the quarter. Texas Pacific Land accounts for approximately 0.6% of 1900 Wealth Management LLC's holdings, making the stock its 29th biggest holding. 1900 Wealth Management LLC's holdings in Texas Pacific Land were worth $7,090,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Texas Pacific Land by 3.8% in the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider's stock valued at $674,727,000 after buying an additional 27,884 shares in the last quarter. Geode Capital Management LLC increased its holdings in Texas Pacific Land by 21.5% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Pacific Land by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,418 shares of the financial services provider's stock worth $120,694,000 after purchasing an additional 1,984 shares during the last quarter. Douglass Winthrop Advisors LLC grew its holdings in Texas Pacific Land by 3.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider's stock valued at $87,764,000 after buying an additional 3,363 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Texas Pacific Land by 10.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,836 shares of the financial services provider's stock valued at $62,671,000 after purchasing an additional 6,598 shares during the period. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Performance

Shares of NYSE TPL traded up $36.11 during trading on Monday, reaching $1,381.36. The stock had a trading volume of 41,950 shares, compared to its average volume of 129,644. Texas Pacific Land Co. has a fifty-two week low of $471.06 and a fifty-two week high of $1,769.14. The business's 50-day moving average price is $1,278.49 and its 200-day moving average price is $1,115.20. The company has a market cap of $31.74 billion, a P/E ratio of 70.89 and a beta of 1.68.

Insider Buying and Selling

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of Texas Pacific Land stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total value of $291,549.30. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 63 shares of company stock valued at $87,967 in the last three months. 6.50% of the stock is owned by corporate insiders.

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.