Texas Pacific Land Co. (NYSE:TPL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 179,635 shares of the financial services provider's stock after acquiring an additional 43,217 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.78% of Texas Pacific Land worth $198,669,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TPL. York GP Ltd. purchased a new stake in Texas Pacific Land in the fourth quarter valued at $101,859,000. Geode Capital Management LLC boosted its stake in shares of Texas Pacific Land by 21.5% in the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider's stock worth $411,943,000 after buying an additional 81,974 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Texas Pacific Land during the fourth quarter worth about $31,802,000. State Street Corp raised its position in Texas Pacific Land by 3.8% during the third 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 in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Texas Pacific Land in the third quarter valued at approximately $12,928,000. Hedge funds and other institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Down 3.0 %

Shares of NYSE TPL traded down $40.80 during midday trading on Monday, reaching $1,333.95. 154,028 shares of the stock were exchanged, compared to its average volume of 130,576. The firm has a market cap of $30.66 billion, a price-to-earnings ratio of 67.64 and a beta of 1.69. The firm has a 50-day simple moving average of $1,326.06 and a two-hundred day simple moving average of $1,192.68. Texas Pacific Land Co. has a twelve month low of $503.08 and a twelve month high of $1,769.14.

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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 EPS for the quarter. The company had revenue of $185.78 million for the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%.

Texas Pacific Land Announces Dividend

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