Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,102 shares of the financial services provider's stock after selling 483 shares during the quarter. Corient Private Wealth LLC's holdings in Texas Pacific Land were worth $8,960,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TPL. Assetmark Inc. purchased a new stake in shares of Texas Pacific Land during the 4th quarter valued at about $29,000. Atala Financial Inc purchased a new stake in shares of Texas Pacific Land during the fourth quarter valued at approximately $31,000. Quest Partners LLC acquired a new position in shares of Texas Pacific Land during the third quarter worth $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Texas Pacific Land in the fourth quarter valued at $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Texas Pacific Land by 21.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company's stock.

Insider Buying and Selling

In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the transaction, the chief financial officer now owns 3,502 shares of the company's stock, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Micheal W. Dobbs sold 1,150 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the completion of the sale, the vice president now owns 1,393 shares of the company's stock, valued at $1,771,227.36. This trade represents a 45.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 56 shares of company stock worth $74,564. Insiders own 6.50% of the company's stock.

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Texas Pacific Land Trading Up 4.7 %

TPL stock traded up $59.26 during trading on Monday, reaching $1,332.41. The stock had a trading volume of 38,388 shares, compared to its average volume of 140,809. The firm has a fifty day moving average price of $1,350.80 and a 200 day moving average price of $1,226.35. The company has a market capitalization of $30.63 billion, a P/E ratio of 67.57 and a beta of 1.69. Texas Pacific Land Co. has a 1-year low of $555.71 and a 1-year high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%. The business had revenue of $185.78 million for the quarter.

Texas Pacific Land Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 3rd. Texas Pacific Land's payout ratio is currently 32.45%.

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.