Atria Wealth Solutions Inc. Has $379,000 Stock Holdings in Texas Pacific Land Corporation $TPL

Atria Wealth Solutions Inc. trimmed its position in Texas Pacific Land Corporation (NYSE:TPL) by 64.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 359 shares of the financial services provider’s stock after selling 665 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Texas Pacific Land were worth $379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TPL. AustralianSuper Pty Ltd lifted its holdings in shares of Texas Pacific Land by 4.8% in the 1st quarter. AustralianSuper Pty Ltd now owns 8,591 shares of the financial services provider’s stock worth $11,383,000 after purchasing an additional 391 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Texas Pacific Land by 110.0% in the first quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider’s stock valued at $28,000 after buying an additional 11 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Texas Pacific Land by 320.0% during the first quarter. Bessemer Group Inc. now owns 105 shares of the financial services provider’s stock valued at $139,000 after buying an additional 80 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Texas Pacific Land by 338.3% during the first quarter. Harvest Fund Management Co. Ltd now owns 526 shares of the financial services provider’s stock worth $696,000 after acquiring an additional 406 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Texas Pacific Land in the 1st quarter worth about $4,368,000. Institutional investors own 59.94% of the company’s stock.

Insider Activity at Texas Pacific Land

In other Texas Pacific Land news, Director Eric L. Oliver purchased 100 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were acquired at an average cost of $881.27 per share, for a total transaction of $88,127.00. Following the completion of the acquisition, the director owned 393,600 shares of the company’s stock, valued at $346,867,872. The trade was a 0.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Pacific Land in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Texas Pacific Land Price Performance

Shares of TPL stock opened at $937.07 on Tuesday. The firm has a 50-day moving average of $919.39 and a 200-day moving average of $1,067.41. The company has a market cap of $21.53 billion, a P/E ratio of 46.71 and a beta of 1.12. Texas Pacific Land Corporation has a one year low of $845.56 and a one year high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings results 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). Texas Pacific Land had a return on equity of 39.47% and a net margin of 62.16%.The firm had revenue of $187.54 million for the quarter, compared to analysts’ expectations of $198.00 million.

Texas Pacific Land Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $1.60 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $6.40 annualized dividend and a dividend yield of 0.7%. Texas Pacific Land’s dividend payout ratio is currently 31.90%.

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.