Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Texas Pacific Land Co. NYSE: TPL. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Texas Pacific Land stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
Texas Pacific Land Price Performance
Shares of NYSE TPL traded down $36.91 during mid-day trading on Thursday, hitting $1,369.01. The company had a trading volume of 6,078 shares, compared to its average volume of 155,211. Texas Pacific Land Co. has a 1-year low of $578.56 and a 1-year high of $1,769.14. The company has a market capitalization of $31.47 billion, a PE ratio of 69.37 and a beta of 1.20. The business's 50-day simple moving average is $1,300.16 and its 200 day simple moving average is $1,316.36.
Texas Pacific Land (NYSE:TPL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing analysts' consensus estimates of $5.27 by ($0.03). The business had revenue of $195.98 million for the quarter, compared to analyst estimates of $211.00 million. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%.
Texas Pacific Land Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, June 2nd. Texas Pacific Land's dividend payout ratio is presently 32.02%.
Insider Activity
In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total value of $281,193.86. Following the transaction, the chief financial officer now directly owns 3,502 shares in the company, valued at $4,601,592.98. The trade was a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Micheal W. Dobbs sold 1,150 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the transaction, the vice president now directly owns 1,393 shares of the company's stock, valued at approximately $1,771,227.36. This represents a 45.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 104 shares of company stock valued at $135,964 in the last quarter. 6.50% of the stock is currently owned by insiders.
Institutional Trading of Texas Pacific Land
Several institutional investors have recently added to or reduced their stakes in the company. Caprock Group LLC raised its position in shares of Texas Pacific Land by 3.0% in the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider's stock worth $302,000 after acquiring an additional 8 shares in the last quarter. Allworth Financial LP increased its position in shares of Texas Pacific Land by 42.1% during the 1st quarter. Allworth Financial LP now owns 27 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 8 shares during the last quarter. Riversedge Advisors LLC raised its stake in shares of Texas Pacific Land by 2.2% during the first quarter. Riversedge Advisors LLC now owns 370 shares of the financial services provider's stock valued at $490,000 after acquiring an additional 8 shares during the last quarter. Hemington Wealth Management boosted its position in shares of Texas Pacific Land by 66.7% during the first quarter. Hemington Wealth Management now owns 20 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 8 shares in the last quarter. Finally, Huntington National Bank lifted its position in Texas Pacific Land by 2.8% in the 4th quarter. Huntington National Bank now owns 333 shares of the financial services provider's stock valued at $368,000 after acquiring an additional 9 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Texas Pacific Land
(
Get Free Report)
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.
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