Caprock Group LLC Has $302,000 Stake in Texas Pacific Land Co. (NYSE:TPL)

Caprock Group LLC raised its position in Texas Pacific Land Co. (NYSE:TPL) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 273 shares of the financial services provider’s stock after buying an additional 8 shares during the quarter. Caprock Group LLC’s holdings in Texas Pacific Land were worth $302,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mediolanum International Funds Ltd grew its holdings in shares of Texas Pacific Land by 55.2% during 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 during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Texas Pacific Land by 373.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 10,860 shares of the financial services provider’s stock valued at $12,011,000 after buying an additional 8,566 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Texas Pacific Land by 68.9% during the fourth quarter. Pacer Advisors Inc. now owns 17,422 shares of the financial services provider’s stock worth $19,268,000 after buying an additional 7,109 shares during the last quarter. KBC Group NV increased its holdings in shares of Texas Pacific Land by 18.9% during the fourth quarter. KBC Group NV now owns 1,730 shares of the financial services provider’s stock worth $1,913,000 after buying an additional 275 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Texas Pacific Land in the 4th quarter valued at $390,000. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Stephanie Buffington sold 210 shares of the company’s 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 directly owns 584 shares in the company, valued at $810,784.72. This represents a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders acquired 65 shares of company stock valued at $90,745. Insiders own 6.50% of the company’s stock.

Texas Pacific Land Stock Down 4.4 %

Shares of TPL stock opened at $1,333.41 on Friday. The firm has a market capitalization of $30.64 billion, a P/E ratio of 68.42 and a beta of 1.68. The stock’s fifty day simple moving average is $1,283.60 and its 200 day simple moving average is $1,107.05. Texas Pacific Land Co. has a twelve month low of $471.06 and a twelve 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. Texas Pacific Land had a net margin of 65.34% and a return on equity of 40.57%. The business had revenue of $173.56 million during the quarter. During the same quarter last year, the business earned $4.58 EPS.

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.