NEOS Investment Management LLC purchased a new stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 933 shares of the financial services provider's stock, valued at approximately $1,032,000.
Other large investors have also recently made changes to their positions in the company. UniSuper Management Pty Ltd boosted its position in shares of Texas Pacific Land by 396.2% during the fourth quarter. UniSuper Management Pty Ltd now owns 2,203 shares of the financial services provider's stock valued at $2,436,000 after buying an additional 1,759 shares during the period. JPMorgan Chase & Co. boosted its holdings in Texas Pacific Land by 19.9% during the 4th quarter. JPMorgan Chase & Co. now owns 40,670 shares of the financial services provider's stock valued at $44,979,000 after acquiring an additional 6,747 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Texas Pacific Land by 127.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 29,499 shares of the financial services provider's stock valued at $35,724,000 after acquiring an additional 16,532 shares during the last quarter. Korea Investment CORP increased its stake in Texas Pacific Land by 83.9% in the fourth quarter. Korea Investment CORP now owns 9,592 shares of the financial services provider's stock worth $10,608,000 after purchasing an additional 4,375 shares during the period. Finally, PKS Advisory Services LLC bought a new stake in shares of Texas Pacific Land during the fourth quarter worth $322,000. 59.94% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Texas Pacific Land
In other news, CFO Chris Steddum sold 214 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the completion of the sale, the chief financial officer now owns 3,502 shares in the company, valued at approximately $4,601,592.98. This represents a 5.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 owns 1,393 shares in the company, valued at approximately $1,771,227.36. This trade represents a 45.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 70 shares of company stock valued at $93,775. 6.50% of the stock is currently owned by insiders.
Texas Pacific Land Trading Up 1.9 %
Shares of NYSE TPL traded up $25.09 during mid-day trading on Tuesday, reaching $1,350.08. The company had a trading volume of 133,163 shares, compared to its average volume of 148,391. The stock has a market cap of $31.03 billion, a price-to-earnings ratio of 68.46 and a beta of 1.69. The business's 50-day moving average is $1,347.30 and its 200-day moving average is $1,249.46. Texas Pacific Land Co. has a 52 week low of $555.71 and a 52 week high of $1,769.14.
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 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 company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.60 dividend. The ex-dividend date was Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 0.47%. Texas Pacific Land's dividend payout ratio is presently 32.45%.
Texas Pacific Land Profile
(
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.
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