Texas Pacific Land Co. (NYSE:TPL) Shares Bought by Erste Asset Management GmbH

Erste Asset Management GmbH raised its stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 570 shares of the financial services provider's stock after purchasing an additional 190 shares during the period. Erste Asset Management GmbH's holdings in Texas Pacific Land were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of 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 worth $674,727,000 after acquiring an additional 27,884 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $411,943,000 after acquiring an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 worth $198,669,000 after acquiring an additional 43,217 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Texas Pacific Land by 3.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider's stock worth $87,764,000 after acquiring an additional 3,363 shares during the last quarter. Finally, York GP Ltd. purchased a new stake in shares of Texas Pacific Land during the fourth quarter worth about $101,859,000. Hedge funds and other institutional investors own 59.94% of the company's stock.

Remove Ads

Texas Pacific Land Stock Performance

NYSE TPL traded up $24.58 during trading hours on Monday, reaching $1,345.65. The stock had a trading volume of 37,859 shares, compared to its average volume of 127,753. Texas Pacific Land Co. has a 52-week low of $553.33 and a 52-week high of $1,769.14. The stock has a fifty day moving average of $1,343.50 and a 200 day moving average of $1,208.86. The stock has a market cap of $30.93 billion, a P/E ratio of 68.29 and a beta of 1.69.

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

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 issued a $1.60 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 annualized dividend and a yield of 0.48%. Texas Pacific Land's dividend payout ratio (DPR) 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.