Greenleaf Trust Invests $202,000 in Texas Pacific Land Co. (NYSE:TPL)

Greenleaf Trust bought a new position in shares of Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 183 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Western Financial Corp CA acquired a new position in Texas Pacific Land during the fourth quarter valued at approximately $554,000. Marietta Wealth Management LLC raised its stake in shares of Texas Pacific Land by 46.3% in the 4th quarter. Marietta Wealth Management LLC now owns 6,050 shares of the financial services provider’s stock valued at $6,691,000 after acquiring an additional 1,915 shares during the period. TriaGen Wealth Management LLC lifted its holdings in shares of Texas Pacific Land by 17.8% during the 4th quarter. TriaGen Wealth Management LLC now owns 1,763 shares of the financial services provider’s stock valued at $1,950,000 after acquiring an additional 267 shares in the last quarter. Caprock Group LLC boosted its position 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 purchasing an additional 8 shares during the period. Finally, Mediolanum International Funds Ltd increased its holdings in Texas Pacific Land by 55.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 7,033 shares of the financial services provider’s stock valued at $7,769,000 after purchasing an additional 2,502 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

NYSE:TPL opened at $1,333.41 on Friday. The business’s 50-day moving average is $1,283.60 and its two-hundred day moving average is $1,107.05. The firm has a market capitalization of $30.64 billion, a PE ratio of 68.42 and a beta of 1.68. Texas Pacific Land Co. has a 12 month low of $471.06 and a 12 month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $4.63 EPS for the quarter. The business had revenue of $173.56 million for 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 business posted $4.58 earnings per share.

Insider Buying and Selling at Texas Pacific Land

In related 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 value of $291,549.30. Following the transaction, the chief accounting officer now owns 584 shares in the company, 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 SEC, which can be accessed through this link. Insiders bought 65 shares of company stock valued at $90,745 over the last 90 days. 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.