Hodges Capital Management Inc. lessened its stake in Texas Pacific Land Trust (NYSE:TPL) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,313 shares of the financial services provider’s stock after selling 12,942 shares during the quarter. Texas Pacific Land Trust accounts for 4.5% of Hodges Capital Management Inc.’s investment portfolio, making the stock its largest position. Hodges Capital Management Inc.’s holdings in Texas Pacific Land Trust were worth $61,775,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in TPL. Public Employees Retirement Association of Colorado acquired a new stake in Texas Pacific Land Trust in the 4th quarter valued at about $239,000. Aperio Group LLC grew its stake in Texas Pacific Land Trust by 106.0% in the 4th quarter. Aperio Group LLC now owns 1,158 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 596 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Texas Pacific Land Trust in the 4th quarter valued at about $223,000. Arlington Partners LLC acquired a new stake in Texas Pacific Land Trust in the 4th quarter valued at about $1,608,000. Finally, IFP Advisors Inc grew its stake in Texas Pacific Land Trust by 83.7% in the 4th quarter. IFP Advisors Inc now owns 746 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 340 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.
Separately, ValuEngine cut shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $2.92 EPS for the quarter. The firm had revenue of $38.32 million for the quarter. Texas Pacific Land Trust had a net margin of 63.97% and a return on equity of 152.03%.
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Texas Pacific Land Trust Company Profile
Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.
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