Aviva PLC boosted its holdings in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 734.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,177 shares of the financial services provider's stock after buying an additional 10,718 shares during the quarter. Aviva PLC owned 0.05% of Texas Pacific Land worth $13,467,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of TPL. Vanguard Group Inc. raised its holdings in shares of Texas Pacific Land by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 2,350,380 shares of the financial services provider's stock valued at $2,599,426,000 after purchasing an additional 260,278 shares during the last quarter. State Street Corp grew its position in Texas Pacific Land by 3.8% in the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider's stock worth $674,727,000 after purchasing an additional 27,884 shares during the period. Geode Capital Management LLC raised its stake in Texas Pacific Land by 34.5% during the 4th quarter. Geode Capital Management LLC now owns 622,115 shares of the financial services provider's stock valued at $693,023,000 after buying an additional 159,597 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Texas Pacific Land by 31.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider's stock valued at $198,669,000 after buying an additional 43,217 shares during the period. Finally, Douglass Winthrop Advisors LLC boosted its stake in shares of Texas Pacific Land by 0.3% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 99,457 shares of the financial services provider's stock worth $109,995,000 after buying an additional 259 shares during the last quarter. Institutional investors own 59.94% of the company's stock.
Insider Buying and Selling
In related news, CFO Chris Steddum sold 214 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the completion of the transaction, the chief financial officer now directly owns 3,502 shares in the company, valued at approximately $4,601,592.98. The trade was a 5.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Micheal W. Dobbs sold 1,150 shares of the firm'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 transaction of $1,462,248.00. Following the sale, the vice president now owns 1,393 shares in the company, valued at approximately $1,771,227.36. The trade was a 45.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 78 shares of company stock valued at $102,694. 6.50% of the stock is owned by company insiders.
Texas Pacific Land Price Performance
Shares of TPL traded up $48.99 during trading hours on Friday, hitting $1,235.66. The stock had a trading volume of 100,842 shares, compared to its average volume of 152,676. Texas Pacific Land Co. has a 12 month low of $555.71 and a 12 month high of $1,769.14. The stock has a fifty day moving average price of $1,321.56 and a 200 day moving average price of $1,271.77. The firm has a market capitalization of $28.40 billion, a PE ratio of 62.66 and a beta of 1.44.
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 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.60 dividend. The ex-dividend date was Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.52%. Texas Pacific Land's dividend payout ratio (DPR) is 32.45%.
About Texas Pacific Land
(
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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