Mutual of America Capital Management LLC decreased its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 77.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,255 shares of the financial services provider's stock after selling 7,930 shares during the period. Mutual of America Capital Management LLC's holdings in Texas Pacific Land were worth $2,494,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TPL. Capital Performance Advisors LLP purchased a new stake in Texas Pacific Land during the 3rd quarter valued at $25,000. Quest Partners LLC bought a new stake in Texas Pacific Land in the 3rd quarter worth about $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Texas Pacific Land in the 4th quarter worth about $66,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock worth $76,000 after buying an additional 12 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new position in Texas Pacific Land during the 4th quarter valued at about $87,000. 59.94% of the stock is currently owned by hedge funds and other institutional investors.
Texas Pacific Land Stock Performance
Shares of TPL stock traded down $4.28 during trading hours on Tuesday, reaching $1,326.99. The company had a trading volume of 127,169 shares, compared to its average volume of 130,474. The business has a fifty 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 one year low of $509.39 and a one year high of $1,769.14. The firm has a market cap of $30.50 billion, a PE 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. The business 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, March 3rd. Texas Pacific Land's dividend payout ratio is 32.45%.
About Texas Pacific Land
(
Free Report)
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.
Further Reading
Before you consider Texas Pacific Land, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Texas Pacific Land wasn't on the list.
While Texas Pacific Land currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
