Texas Pacific Land Co. (NYSE:TPL) Position Cut by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC trimmed its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,315 shares of the financial services provider's stock after selling 276 shares during the period. Texas Pacific Land accounts for 8.3% of EagleClaw Capital Managment LLC's portfolio, making the stock its largest holding. EagleClaw Capital Managment LLC owned 0.21% of Texas Pacific Land worth $52,328,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TPL. Janney Montgomery Scott LLC purchased a new position in Texas Pacific Land in the 3rd quarter worth approximately $12,928,000. Van ECK Associates Corp lifted its holdings in shares of Texas Pacific Land by 11.0% in the third quarter. Van ECK Associates Corp now owns 4,669 shares of the financial services provider's stock worth $4,131,000 after buying an additional 463 shares in the last quarter. National Pension Service boosted its position in shares of Texas Pacific Land by 18.9% during the third quarter. National Pension Service now owns 40,190 shares of the financial services provider's stock worth $35,558,000 after acquiring an additional 6,390 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Texas Pacific Land by 1.1% during the third quarter. Asset Management One Co. Ltd. now owns 7,085 shares of the financial services provider's stock valued at $6,268,000 after acquiring an additional 76 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Texas Pacific Land during the third quarter valued at $25,000. Hedge funds and other institutional investors own 59.94% of the company's stock.

Remove Ads

Texas Pacific Land Stock Down 0.3 %

TPL stock traded down $4.28 during mid-day trading on Tuesday, hitting $1,326.99. The company had a trading volume of 127,183 shares, compared to its average volume of 130,502. The company has a 50-day moving average price of $1,330.59 and a 200 day moving average price of $1,196.23. Texas Pacific Land Co. has a 12-month low of $509.39 and a 12-month high of $1,769.14. The company has a market capitalization of $30.50 billion, a price-to-earnings ratio of 67.29 and a beta of 1.69.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS 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 for the quarter.

Texas Pacific Land Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.60 per share. The ex-dividend date is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.48%. Texas Pacific Land's dividend payout ratio 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.