UniSuper Management Pty Ltd Grows Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

UniSuper Management Pty Ltd boosted its holdings in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 396.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,203 shares of the financial services provider's stock after purchasing an additional 1,759 shares during the quarter. UniSuper Management Pty Ltd's holdings in Texas Pacific Land were worth $2,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPL. Assetmark Inc. acquired a new position in shares of Texas Pacific Land during the fourth quarter valued at about $29,000. Atala Financial Inc purchased a new stake in shares of Texas Pacific Land during the fourth quarter valued at approximately $31,000. Quest Partners LLC bought a new position in Texas Pacific Land in the 3rd quarter valued at $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Texas Pacific Land in the 4th quarter valued at $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of 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 valued at $76,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Up 1.9 %

TPL traded up $25.09 during trading on Tuesday, hitting $1,350.08. 133,163 shares of the company traded hands, compared to its average volume of 148,391. Texas Pacific Land Co. has a one year low of $555.71 and a one year high of $1,769.14. The stock's fifty day moving average is $1,347.30 and its 200 day moving average is $1,249.46. The firm has a market cap of $31.03 billion, a P/E ratio of 68.46 and a beta of 1.69.

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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. The business 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, March 3rd. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.45%.

Insiders Place Their Bets

In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was 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 in the company, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction that occurred on 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 directly owns 1,393 shares in the company, valued at $1,771,227.36. This trade represents a 45.22 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired 70 shares of company stock worth $93,775 over the last quarter. 6.50% of the stock is currently owned by company insiders.

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.