Howland Capital Management LLC Decreases Stock Position in Texas Pacific Land Co. (NYSE:TPL)

Howland Capital Management LLC cut its position in Texas Pacific Land Co. (NYSE:TPL) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,468 shares of the financial services provider’s stock after selling 1,532 shares during the quarter. Howland Capital Management LLC owned 0.07% of Texas Pacific Land worth $18,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Texas Pacific Land in the third quarter valued at $25,000. Compagnie Lombard Odier SCmA acquired a new stake in Texas Pacific Land in the third quarter valued at $44,000. Quest Partners LLC acquired a new stake in Texas Pacific Land in the third quarter valued at $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Texas Pacific Land in the fourth quarter valued at $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Texas Pacific Land by 21.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 12 shares in the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Texas Pacific Land

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 584 shares of the company’s stock, valued at approximately $810,784.72. This represents a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 65 shares of company stock valued at $90,745 over the last ninety days. Corporate insiders own 6.50% of the company’s stock.

Texas Pacific Land Price Performance

TPL opened at $1,344.52 on Friday. The stock has a market capitalization of $30.90 billion, a PE ratio of 68.99 and a beta of 1.68. The firm’s fifty day moving average price is $1,278.49 and its 200 day moving average price is $1,112.95. 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 posted its quarterly earnings results 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 for the quarter. Texas Pacific Land had a net margin of 65.34% and a return on equity of 40.57%. During the same period in the prior year, the company earned $4.58 earnings per share.

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.