LPL Financial LLC Sells 2,121 Shares of Texas Pacific Land Corporation (NYSE:TPL)

LPL Financial LLC trimmed its holdings in shares of Texas Pacific Land Corporation (NYSE:TPL) by 15.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,380 shares of the financial services provider’s stock after selling 2,121 shares during the period. LPL Financial LLC’s holdings in Texas Pacific Land were worth $15,079,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of TPL. GAMMA Investing LLC raised its stake in shares of Texas Pacific Land by 241,048.0% in the first quarter. GAMMA Investing LLC now owns 361,722 shares of the financial services provider’s stock worth $479,278,000 after purchasing an additional 361,572 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Texas Pacific Land by 203.4% in the fourth quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider’s stock valued at $331,321,000 after acquiring an additional 200,841 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Texas Pacific Land by 21.8% in the fourth quarter. Northern Trust Corp now owns 224,768 shares of the financial services provider’s stock valued at $248,584,000 after acquiring an additional 40,185 shares in the last quarter. Schwartz Investment Counsel Inc. grew its holdings in shares of Texas Pacific Land by 0.4% in the first quarter. Schwartz Investment Counsel Inc. now owns 150,823 shares of the financial services provider’s stock valued at $199,839,000 after acquiring an additional 642 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Texas Pacific Land by 943.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 121,055 shares of the financial services provider’s stock valued at $133,883,000 after acquiring an additional 109,455 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Price Performance

Texas Pacific Land stock opened at $953.59 on Thursday. The firm has a market capitalization of $21.92 billion, a P/E ratio of 47.70 and a beta of 1.14. Texas Pacific Land Corporation has a one year low of $752.70 and a one year high of $1,769.14. The business has a fifty day moving average price of $1,043.20 and a 200-day moving average price of $1,226.90.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.48 by ($0.43). The firm had revenue of $187.54 million for the quarter, compared to the consensus estimate of $198.00 million. Texas Pacific Land had a net margin of 63.24% and a return on equity of 40.04%.

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.