AMF Tjanstepension AB Makes New Investment in Texas Pacific Land Co. (NYSE:TPL)

AMF Tjanstepension AB bought a new position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,644 shares of the financial services provider's stock, valued at approximately $7,350,000.

Other hedge funds also recently added to or reduced their stakes in the company. York GP Ltd. purchased a new stake in shares of Texas Pacific Land in the 4th quarter worth about $101,859,000. Geode Capital Management LLC raised its position in Texas Pacific Land by 21.5% during the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider's stock worth $411,943,000 after acquiring an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Texas Pacific Land by 31.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider's stock valued at $198,669,000 after purchasing an additional 43,217 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at approximately $41,303,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Texas Pacific Land during the 4th quarter worth approximately $31,802,000. 59.94% of the stock is owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Up 1.7 %

Shares of Texas Pacific Land stock traded up $22.04 during trading on Wednesday, hitting $1,349.47. 97,160 shares of the company were exchanged, compared to its average volume of 129,788. Texas Pacific Land Co. has a fifty-two week low of $529.03 and a fifty-two week high of $1,769.14. The firm has a 50 day moving average price of $1,335.01 and a 200 day moving average price of $1,199.52. The stock has a market capitalization of $31.02 billion, a price-to-earnings ratio of 68.43 and a beta of 1.68.

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

Texas Pacific Land Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.60 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 0.47%. Texas Pacific Land's dividend payout ratio (DPR) is 32.45%.

Texas Pacific Land Company Profile

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.