Headlands Technologies LLC Takes Position in Texas Pacific Land Co. (NYSE:TPL)

Headlands Technologies LLC acquired a new stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 499 shares of the financial services provider's stock, valued at approximately $552,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caprock Group LLC grew its holdings in shares of Texas Pacific Land by 3.0% during the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider's stock worth $302,000 after purchasing an additional 8 shares in the last quarter. Signaturefd LLC lifted its holdings in Texas Pacific Land by 11.1% during the 4th quarter. Signaturefd LLC now owns 100 shares of the financial services provider's stock worth $111,000 after buying an additional 10 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Texas Pacific Land by 21.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock worth $76,000 after purchasing an additional 12 shares during the period. Glenmede Trust Co. NA lifted its holdings in Texas Pacific Land by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider's stock valued at $390,000 after buying an additional 13 shares during the period. Finally, M&T Bank Corp boosted its stake in Texas Pacific Land by 2.1% in the fourth quarter. M&T Bank Corp now owns 941 shares of the financial services provider's stock valued at $1,041,000 after acquiring an additional 19 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

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Texas Pacific Land Stock Up 14.0 %

NYSE TPL traded up $156.64 during trading on Wednesday, reaching $1,274.13. 205,237 shares of the stock traded hands, compared to its average volume of 152,289. The stock's 50-day moving average price is $1,327.06 and its 200 day moving average price is $1,265.21. The firm has a market cap of $29.29 billion, a price-to-earnings ratio of 64.61 and a beta of 1.44. Texas Pacific Land Co. has a fifty-two week low of $555.71 and a fifty-two week high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, March 3rd. Texas Pacific Land's payout ratio is 32.45%.

Insider Activity

In other news, CFO Chris Steddum sold 214 shares of the business's stock in a transaction that occurred on 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Micheal W. Dobbs sold 1,150 shares of the business'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 of the company's stock, valued at $1,771,227.36. This trade represents a 45.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 76 shares of company stock valued at $100,684. 6.50% of the stock is owned by insiders.

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.