Texas Pacific Land Co. (NYSE:TPL) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 22.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,925 shares of the financial services provider's stock after selling 6,022 shares during the quarter. American Century Companies Inc. owned about 0.09% of Texas Pacific Land worth $23,142,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of Texas Pacific Land during the 4th quarter valued at approximately $29,000. Atala Financial Inc bought a new stake in Texas Pacific Land during the fourth quarter valued at $31,000. Quest Partners LLC acquired a new stake in shares of Texas Pacific Land during the third quarter worth $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Texas Pacific Land in the 4th quarter worth about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Price Performance

Shares of NYSE:TPL traded up $25.09 during trading on Tuesday, reaching $1,350.08. 133,163 shares of the company's stock traded hands, compared to its average volume of 148,391. The stock has a market capitalization of $31.03 billion, a P/E ratio of 68.46 and a beta of 1.69. Texas Pacific Land Co. has a 12 month low of $555.71 and a 12 month high of $1,769.14. The company has a 50 day moving average of $1,347.30 and a 200-day moving average of $1,249.46.

Remove Ads

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 company had revenue of $185.78 million during the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%.

Texas Pacific Land Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, March 3rd. Texas Pacific Land's dividend payout ratio is presently 32.45%.

Insider Buying and Selling at Texas Pacific Land

In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 3,502 shares of the company's stock, valued at $4,601,592.98. The trade was a 5.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Micheal W. Dobbs sold 1,150 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the completion of the sale, the vice president now owns 1,393 shares in the company, valued at $1,771,227.36. The trade was a 45.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 70 shares of company stock worth $93,775. 6.50% of the stock is owned by insiders.

Texas Pacific Land Company Profile

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.