Texas Pacific Land Co. (NYSE:TPL) Shares Acquired by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC increased its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,053 shares of the financial services provider’s stock after acquiring an additional 10 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Texas Pacific Land were worth $5,588,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TPL. Janney Capital Management LLC purchased a new stake in shares of Texas Pacific Land during the 4th quarter worth $226,000. Atomi Financial Group Inc. acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at about $341,000. UMB Bank n.a. boosted its holdings in Texas Pacific Land by 2,839.8% during the fourth quarter. UMB Bank n.a. now owns 2,881 shares of the financial services provider’s stock worth $3,186,000 after buying an additional 2,783 shares in the last quarter. Sandbox Financial Partners LLC grew its position in Texas Pacific Land by 17.4% during the fourth quarter. Sandbox Financial Partners LLC now owns 2,722 shares of the financial services provider’s stock worth $3,010,000 after buying an additional 404 shares during the period. Finally, HB Wealth Management LLC increased its holdings in Texas Pacific Land by 7.1% in the fourth quarter. HB Wealth Management LLC now owns 1,153 shares of the financial services provider’s stock valued at $1,276,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,404.90 on Friday. The firm has a market capitalization of $32.28 billion, a price-to-earnings ratio of 72.08 and a beta of 1.68. The business’s 50 day simple moving average is $1,326.98 and its 200-day simple moving average is $1,070.88. Texas Pacific Land Co. has a 12 month low of $467.62 and a 12 month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter. The firm had revenue of $173.56 million during the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%. During the same period in the prior year, the firm posted $4.58 earnings per share.

Texas Pacific Land Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 0.46%. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. The ex-dividend date was Monday, December 2nd. Texas Pacific Land’s dividend payout ratio is presently 32.84%.

Insider Buying and Selling at Texas Pacific Land

In other news, CAO Stephanie Buffington sold 210 shares of the firm’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 transaction of $291,549.30. Following the completion of the transaction, the chief accounting officer now directly owns 584 shares of the company’s stock, valued at $810,784.72. This trade represents a 26.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders acquired 77 shares of company stock worth $104,384. 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.