Insight Wealth Partners LLC Has $220,000 Position in Texas Pacific Land Corporation $TPL

Insight Wealth Partners LLC increased its holdings in shares of Texas Pacific Land Corporation (NYSE:TPL) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208 shares of the financial services provider’s stock after acquiring an additional 11 shares during the period. Insight Wealth Partners LLC’s holdings in Texas Pacific Land were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. AlphaQuest LLC boosted its position in shares of Texas Pacific Land by 14,800.0% during the 2nd quarter. AlphaQuest LLC now owns 149 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 148 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Texas Pacific Land by 1.1% during the 2nd quarter. Asset Management One Co. Ltd. now owns 8,180 shares of the financial services provider’s stock valued at $8,641,000 after purchasing an additional 92 shares during the last quarter. Principle Wealth Partners LLC lifted its holdings in Texas Pacific Land by 28.2% during the 2nd quarter. Principle Wealth Partners LLC now owns 1,095 shares of the financial services provider’s stock valued at $1,157,000 after purchasing an additional 241 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its holdings in Texas Pacific Land by 2.1% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 154,033 shares of the financial services provider’s stock valued at $162,719,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Spirit of America Management Corp NY lifted its holdings in Texas Pacific Land by 8.9% during the 2nd quarter. Spirit of America Management Corp NY now owns 2,455 shares of the financial services provider’s stock valued at $2,593,000 after purchasing an additional 200 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Trading Down 0.8%

Shares of NYSE TPL opened at $929.73 on Friday. Texas Pacific Land Corporation has a 1-year low of $845.56 and a 1-year high of $1,769.14. The company has a market cap of $21.37 billion, a PE ratio of 46.35 and a beta of 1.12. The company has a 50-day moving average of $923.08 and a two-hundred day moving average of $1,062.73.

Texas Pacific Land (NYSE:TPL) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $187.54 million during the quarter, compared to the consensus estimate of $198.00 million.

Texas Pacific Land Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TPL shares. Tudor Pickering raised shares of Texas Pacific Land to a “strong sell” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Texas Pacific Land in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Texas Pacific Land has an average rating of “Reduce”.

Insider Buying and Selling 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 stock was acquired at an average cost of $881.27 per share, with a total value of $88,127.00. Following the completion of the purchase, the director directly owned 393,600 shares in the company, valued at approximately $346,867,872. This represents a 0.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.90% of the company’s stock.

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.