Blair William & Co. IL Boosts Stake in Texas Pacific Land Co. (NYSE:TPL)

Blair William & Co. IL grew its stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,347 shares of the financial services provider's stock after purchasing an additional 390 shares during the quarter. Blair William & Co. IL's holdings in Texas Pacific Land were worth $9,231,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TPL. Vanguard Group Inc. lifted its position in 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 buying an additional 260,278 shares during the period. State Street Corp raised 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 buying an additional 27,884 shares during the last quarter. Geode Capital Management LLC increased 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 valued at $411,943,000 after acquiring an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Texas Pacific Land by 31.7% during 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 buying an additional 43,217 shares during the period. Finally, Douglass Winthrop Advisors LLC grew its position in shares of Texas Pacific Land by 0.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 99,457 shares of the financial services provider's stock valued at $109,995,000 after acquiring an additional 259 shares during the period. Institutional investors own 59.94% of the company's stock.

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Insider Activity at Texas Pacific Land

In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction 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 transaction, the vice president now directly owns 1,393 shares in the company, valued at approximately $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 70 shares of company stock worth $93,775 over the last three months. 6.50% of the stock is owned by corporate insiders.

Texas Pacific Land Trading Up 1.9 %

NYSE TPL traded up $25.09 on Tuesday, reaching $1,350.08. 133,163 shares of the stock were exchanged, compared to its average volume of 148,391. The firm has a market capitalization of $31.03 billion, a PE ratio of 68.46 and a beta of 1.69. Texas Pacific Land Co. has a one year low of $555.71 and a one year high of $1,769.14. The company's 50-day simple moving average is $1,347.30 and its two-hundred day simple moving average is $1,249.46.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. The company 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. Shareholders of record on Monday, March 3rd were given a $1.60 dividend. The ex-dividend date was Monday, March 3rd. This represents a $6.40 annualized dividend 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.