Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,251 shares of the financial services provider's stock after selling 2,700 shares during the quarter. Swiss National Bank owned approximately 0.24% of Texas Pacific Land worth $61,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp increased its position in shares of Texas Pacific Land by 3.8% in the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider's stock valued at $674,727,000 after purchasing an additional 27,884 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Texas Pacific Land by 21.5% in 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 acquiring an additional 81,974 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Texas Pacific Land by 31.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider's stock worth $198,669,000 after acquiring an additional 43,217 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in Texas Pacific Land by 3.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider's stock worth $87,764,000 after purchasing an additional 3,363 shares during the last quarter. Finally, York GP Ltd. purchased a new stake in shares of Texas Pacific Land in the fourth quarter valued at about $101,859,000. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

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Texas Pacific Land Trading Up 1.8 %

Shares of Texas Pacific Land stock traded up $23.65 on Monday, reaching $1,344.72. 36,979 shares of the stock were exchanged, compared to its average volume of 127,664. The firm has a market capitalization of $30.91 billion, a PE ratio of 68.18 and a beta of 1.69. Texas Pacific Land Co. has a 1-year low of $553.33 and a 1-year high of $1,769.14. The business has a fifty day moving average price of $1,343.50 and a two-hundred day moving average price of $1,208.86.

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

Texas Pacific Land Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 0.48%. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.45%.

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.