Texas Pacific Land Co. (NYSE:TPL) Holdings Lifted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,147 shares of the financial services provider's stock after buying an additional 956 shares during the period. Royal London Asset Management Ltd.'s holdings in Texas Pacific Land were worth $10,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TPL. Assetmark Inc. acquired a new position in shares of Texas Pacific Land during the 4th quarter valued at $29,000. Atala Financial Inc acquired a new position in shares of Texas Pacific Land during the fourth quarter worth about $31,000. Quest Partners LLC purchased a new stake in shares of Texas Pacific Land in the third quarter worth about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Texas Pacific Land by 21.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock worth $76,000 after acquiring an additional 12 shares in the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Pacific Land news, VP Micheal W. Dobbs sold 1,150 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the sale, the vice president now directly owns 1,393 shares of the company's stock, valued at $1,771,227.36. This trade represents a 45.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Chris Steddum sold 214 shares of the firm's stock in a transaction 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 sale, the chief financial officer now owns 3,502 shares in the company, valued at $4,601,592.98. The trade was a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought 66 shares of company stock worth $88,062 over the last ninety days. 6.50% of the stock is owned by insiders.

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Texas Pacific Land Trading Down 0.2 %

NYSE:TPL traded down $2.36 on Wednesday, reaching $1,360.00. The stock had a trading volume of 105,112 shares, compared to its average volume of 131,569. 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 $1,352.55 and a 200 day moving average of $1,234.22. The stock has a market cap of $31.26 billion, a P/E ratio of 68.97 and a beta of 1.69.

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

Texas Pacific Land Dividend Announcement

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

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.