denkapparat Operations GmbH Invests $243,000 in Texas Pacific Land Co. (NYSE:TPL)

denkapparat Operations GmbH purchased a new position in Texas Pacific Land Co. (NYSE:TPL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 220 shares of the financial services provider's stock, valued at approximately $243,000.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. bought a new position in shares of Texas Pacific Land in the fourth quarter worth approximately $29,000. Atala Financial Inc bought a new position in shares of Texas Pacific Land in the fourth quarter worth about $31,000. Quest Partners LLC purchased a new position in Texas Pacific Land during the third quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Texas Pacific Land in the 4th quarter worth $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Texas Pacific Land by 21.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock worth $76,000 after purchasing an additional 12 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Pacific Land

In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the transaction, the chief financial officer now directly owns 3,502 shares of the company's stock, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Micheal W. Dobbs sold 1,150 shares of the business's stock in a transaction that occurred on 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 sale, the vice president now owns 1,393 shares of the company's stock, valued at $1,771,227.36. The trade was a 45.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 70 shares of company stock worth $93,775 over the last three months. 6.50% of the stock is currently owned by insiders.

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Texas Pacific Land Stock Performance

NYSE:TPL traded up $25.09 during trading hours on Tuesday, reaching $1,350.08. The stock had a trading volume of 67,727 shares, compared to its average volume of 148,189. The company has a 50 day moving average price of $1,347.30 and a two-hundred day moving average price of $1,249.46. Texas Pacific Land Co. has a 52 week low of $555.71 and a 52 week high of $1,769.14. The stock has a market capitalization of $31.03 billion, a PE ratio of 68.46 and a beta of 1.69.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%. The company had revenue of $185.78 million for the quarter.

Texas Pacific Land Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, March 3rd. Texas Pacific Land's dividend payout ratio is presently 32.45%.

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.