Westwind Capital Trims Texas Pacific Land Stake by 15.8%
Westwind Capital lowered its Texas Pacific Land position by 15.8% in the third quarter, selling 5,301 shares and keeping 28,239 shares worth about $9.2 million. The holding accounts for 2.2% of Westwind Capital's portfolio and is its 15th-largest position. Analysts rate TPL a Hold with an average target of $639, while the company reported earnings per share of $2.23, above estimates, and declared a $0.60 quarterly dividend.
Westwind Capital's latest 13F shows it sold 5,301 Texas Pacific Land shares in Q3, leaving 28,239. That remaining stake was valued at $9,201,000 and represented 2.2% of the firm's portfolio, its 15th-largest holding.
TPL's analyst consensus is Hold, with an average target of $639. The stock recently traded at $358.31, with a $24.71 billion market cap, 45.66 P/E and 0.58 beta. Quarterly EPS of $2.23 exceeded the $2.18 estimate, and TPL declared a $0.60 dividend. Institutions hold 59.94%.
The move could matter most to investors exposed to TPL through funds, pensions, or direct holdings, as reduced institutional demand may influence short-term price swings and sentiment. A Hold consensus and dividend may temper reactions. Broader market impact is likely limited because the stake is small relative to TPL's $24.71 billion market value, so society-level effects may be indirect through investment and retirement accounts.