JB Capital LLC Sells 141 Shares of Texas Pacific Land Co. (NYSE:TPL)

JB Capital LLC trimmed its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,222 shares of the financial services provider’s stock after selling 141 shares during the quarter. JB Capital LLC’s holdings in Texas Pacific Land were worth $3,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Hilltop Holdings Inc. grew its holdings in Texas Pacific Land by 290.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock worth $1,606,000 after acquiring an additional 1,350 shares during the period. Quantinno Capital Management LP grew its stake in shares of Texas Pacific Land by 63.5% during the third quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock worth $2,634,000 after purchasing an additional 1,156 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Texas Pacific Land by 5.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock valued at $7,864,000 after purchasing an additional 431 shares during the last quarter. Biltmore Family Office LLC acquired a new position in Texas Pacific Land in the third quarter valued at about $337,000. Finally, Everence Capital Management Inc. bought a new position in Texas Pacific Land during the fourth quarter worth about $641,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of NYSE TPL opened at $1,297.07 on Monday. Texas Pacific Land Co. has a 52-week low of $467.62 and a 52-week high of $1,769.14. The stock has a market cap of $29.81 billion, a P/E ratio of 66.55 and a beta of 1.68. The firm has a 50 day moving average price of $1,304.42 and a 200 day moving average price of $1,095.98.

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

Insiders Place Their Bets

In other news, CAO Stephanie Buffington sold 210 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 584 shares in the company, valued at $810,784.72. The trade was a 26.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 68 shares of company stock valued at $94,696 in the last quarter. 6.50% of the stock is currently owned by 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.