Resona Asset Management Co. Ltd. bought a new position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,774 shares of the financial services provider's stock, valued at approximately $6,416,000.
A number of other institutional investors have also recently bought and sold shares of TPL. Assetmark Inc. acquired a new stake in shares of Texas Pacific Land during the fourth quarter worth $29,000. Atala Financial Inc acquired a new stake in shares of Texas Pacific Land in the 4th quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Texas Pacific Land in the fourth quarter valued at about $66,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Texas Pacific Land by 21.1% during the fourth 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 period. Finally, Sentry Investment Management LLC bought a new position in shares of Texas Pacific Land during the fourth quarter worth about $87,000. Institutional investors own 59.94% of the company's stock.
Insider Transactions at Texas Pacific Land
In related news, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction dated 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 sale, the vice president now owns 1,393 shares in the company, valued at approximately $1,771,227.36. This represents a 45.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Chris Steddum sold 214 shares of the firm'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 owns 3,502 shares of the company's stock, valued at approximately $4,601,592.98. This represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 78 shares of company stock worth $102,694 in the last three months. Insiders own 6.50% of the company's stock.
Texas Pacific Land Stock Performance
Texas Pacific Land stock traded up $48.99 during midday trading on Friday, reaching $1,235.66. The stock had a trading volume of 100,842 shares, compared to its average volume of 152,676. The stock has a market capitalization of $28.40 billion, a P/E ratio of 62.66 and a beta of 1.44. The firm's fifty day simple moving average is $1,321.56 and its 200-day simple moving average is $1,271.77. Texas Pacific Land Co. has a 1-year low of $555.71 and a 1-year 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 Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.60 per share. The ex-dividend date was Monday, March 3rd. This represents a $6.40 annualized dividend and a yield of 0.52%. Texas Pacific Land's dividend payout ratio (DPR) 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.
See Also
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
