Fisher Asset Management LLC Takes $380,000 Position in Texas Pacific Land Co. (NYSE:TPL)

Fisher Asset Management LLC acquired a new position in Texas Pacific Land Co. (NYSE:TPL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 343 shares of the financial services provider's stock, valued at approximately $380,000.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of Texas Pacific Land by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,669 shares of the financial services provider's stock worth $4,131,000 after purchasing an additional 463 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Texas Pacific Land by 1.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 7,085 shares of the financial services provider's stock valued at $6,268,000 after purchasing an additional 76 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Texas Pacific Land during the 3rd quarter valued at about $25,000. Legacy Capital Wealth Partners LLC raised its stake in shares of Texas Pacific Land by 85.6% during the third quarter. Legacy Capital Wealth Partners LLC now owns 2,025 shares of the financial services provider's stock valued at $1,792,000 after purchasing an additional 934 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in shares of Texas Pacific Land by 23.7% during the third quarter. Crossmark Global Holdings Inc. now owns 1,481 shares of the financial services provider's stock worth $1,310,000 after acquiring an additional 284 shares during the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

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Texas Pacific Land Stock Down 0.3 %

Shares of TPL traded down $4.28 during trading on Tuesday, reaching $1,326.99. The company's stock had a trading volume of 127,169 shares, compared to its average volume of 130,474. The company has a market cap of $30.50 billion, a price-to-earnings ratio of 67.29 and a beta of 1.69. The company has a fifty day moving average of $1,330.59 and a two-hundred day moving average of $1,196.23. Texas Pacific Land Co. has a twelve month low of $509.39 and a twelve month high of $1,769.14.

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

Texas Pacific Land Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.60 per share. The ex-dividend date is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.48%. Texas Pacific Land's dividend payout ratio (DPR) 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.