Nomura Asset Management Co. Ltd. Has $10.09 Million Holdings in Texas Pacific Land Co. (NYSE:TPL)

Nomura Asset Management Co. Ltd. boosted its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,119 shares of the financial services provider's stock after buying an additional 231 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Texas Pacific Land were worth $10,085,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TPL. Vanguard Group Inc. lifted its position in shares of Texas Pacific Land by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 2,350,380 shares of the financial services provider's stock valued at $2,599,426,000 after acquiring an additional 260,278 shares during the last quarter. York GP Ltd. acquired a new stake in shares of Texas Pacific Land during the fourth quarter worth $101,859,000. Geode Capital Management LLC lifted its holdings 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 valued at $411,943,000 after purchasing an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Pacific Land by 31.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider's stock valued at $198,669,000 after purchasing an additional 43,217 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Texas Pacific Land in the 4th quarter worth about $41,303,000. 59.94% of the stock is owned by institutional investors and hedge funds.

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Texas Pacific Land Trading Down 11.2 %

TPL stock traded down $155.55 during mid-day trading on Thursday, reaching $1,235.88. 103,193 shares of the stock traded hands, compared to its average volume of 148,623. Texas Pacific Land Co. has a 52-week low of $555.71 and a 52-week high of $1,769.14. The stock's fifty day moving average is $1,345.52 and its 200-day moving average is $1,254.25. The company has a market cap of $28.41 billion, a P/E ratio of 62.48 and a beta of 1.69.

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

Texas Pacific Land Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.60 dividend. The ex-dividend date was Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.52%. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.45%.

Insider Activity

In other news, CFO Chris Steddum sold 214 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the transaction, the chief financial officer now directly owns 3,502 shares in the company, valued at $4,601,592.98. The trade was a 5.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the completion of the transaction, the vice president now directly owns 1,393 shares in the company, valued at $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 quarter, insiders have acquired 69 shares of company stock worth $92,626. 6.50% of the stock is owned by corporate insiders.

About Texas Pacific Land

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.