Bank Julius Baer & Co. Ltd Zurich Buys Shares of 3,000 Texas Pacific Land Co. (NYSE:TPL)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,000 shares of the financial services provider's stock, valued at approximately $3,318,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Texas Pacific Land by 3.8% during the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider's stock valued at $674,727,000 after acquiring an additional 27,884 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Texas Pacific Land by 21.5% during the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider's stock valued at $411,943,000 after acquiring an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 43,217 shares during the last quarter. Douglass Winthrop Advisors LLC increased its holdings in shares of Texas Pacific Land by 3.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider's stock valued at $87,764,000 after acquiring an additional 3,363 shares during the last quarter. Finally, York GP Ltd. acquired a new position in shares of Texas Pacific Land during the 4th quarter valued at about $101,859,000. 59.94% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Texas Pacific Land Stock Performance

Shares of NYSE TPL traded up $22.04 during mid-day trading on Wednesday, reaching $1,349.47. 97,163 shares of the company traded hands, compared to its average volume of 129,791. The stock has a market cap of $31.02 billion, a PE ratio of 68.43 and a beta of 1.68. The company's fifty day moving average is $1,339.88 and its two-hundred day moving average is $1,200.57. Texas Pacific Land Co. has a fifty-two week low of $529.03 and a fifty-two week high of $1,769.14.

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

Texas Pacific Land Dividend Announcement

The firm 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. This represents a $6.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land's dividend payout ratio (DPR) is currently 32.45%.

Texas Pacific Land 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.