Asset Management One Co. Ltd. Buys 392 Shares of Texas Pacific Land Co. (NYSE:TPL)

Asset Management One Co. Ltd. raised its position in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,477 shares of the financial services provider's stock after acquiring an additional 392 shares during the period. Asset Management One Co. Ltd.'s holdings in Texas Pacific Land were worth $8,562,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TPL. York GP Ltd. bought a new stake in Texas Pacific Land in the 4th quarter valued at approximately $101,859,000. Geode Capital Management LLC lifted its stake in Texas Pacific Land by 21.5% in the 3rd 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 in the last quarter. International Assets Investment Management LLC bought a new stake in Texas Pacific Land in the 3rd quarter valued at approximately $45,400,000. State Street Corp lifted its stake in 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 acquiring an additional 27,884 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Texas Pacific Land in the 3rd quarter valued at approximately $14,949,000. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Performance

NYSE TPL traded down $45.84 during trading on Friday, hitting $1,385.17. The stock had a trading volume of 24,479 shares, compared to its average volume of 121,909. The company has a market capitalization of $31.83 billion, a PE ratio of 70.24 and a beta of 1.68. The company's 50-day moving average price is $1,284.12 and its two-hundred day moving average price is $1,146.42. Texas Pacific Land Co. has a 12 month low of $493.40 and a 12 month high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. Texas Pacific Land had a return on equity of 40.28% 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, March 3rd. Texas Pacific Land's dividend payout ratio is currently 32.45%.

Texas Pacific Land 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.