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

Atria Wealth Solutions Inc. reduced its position in shares of Texas Pacific Land Corporation (NYSE:TPL) by 64.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 359 shares of the financial services provider’s stock after selling 665 shares during the period. Atria Wealth Solutions Inc.’s holdings in Texas Pacific Land were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Texas Pacific Land by 82.0% during the 1st quarter. GAMMA Investing LLC now owns 273 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 123 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Texas Pacific Land by 10.8% during the first quarter. Flagship Harbor Advisors LLC now owns 481 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 47 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Texas Pacific Land by 8.2% during the first quarter. Asset Management One Co. Ltd. now owns 8,088 shares of the financial services provider’s stock worth $10,717,000 after purchasing an additional 611 shares during the period. Moran Wealth Management LLC bought a new stake in shares of Texas Pacific Land in the first quarter worth $217,000. Finally, Spire Wealth Management acquired a new stake in Texas Pacific Land in the first quarter valued at $844,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

NYSE:TPL opened at $937.07 on Tuesday. Texas Pacific Land Corporation has a 52 week low of $845.56 and a 52 week high of $1,769.14. The firm’s fifty day moving average is $919.39 and its 200-day moving average is $1,067.41. The firm has a market cap of $21.53 billion, a P/E ratio of 46.71 and a beta of 1.12.

Texas Pacific Land (NYSE:TPL) last released its earnings results on Wednesday, August 6th. The financial services provider reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.48 by ($0.43). The firm had revenue of $187.54 million during the quarter, compared to analyst estimates of $198.00 million. Texas Pacific Land had a net margin of 62.16% and a return on equity of 39.47%.

Texas Pacific Land Announces Dividend

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

Insiders Place Their Bets

In other Texas Pacific Land news, Director Eric L. Oliver purchased 100 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were purchased 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 owned 393,600 shares in the company, valued at $346,867,872. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat.com, the company has an average rating of “Hold”.

About Texas Pacific Land

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.