Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. reduced its holdings in Texas Pacific Land Co. (NYSE:TPL) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,013 shares of the financial services provider’s stock after selling 16 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Texas Pacific Land were worth $1,120,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Texas Pacific Land during the 3rd quarter valued at $25,000. Crossmark Global Holdings Inc. increased its position in shares of Texas Pacific Land by 23.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,481 shares of the financial services provider’s stock valued at $1,310,000 after purchasing an additional 284 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Texas Pacific Land by 1.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 7,484 shares of the financial services provider’s stock valued at $6,621,000 after purchasing an additional 81 shares during the period. Entropy Technologies LP acquired a new position in shares of Texas Pacific Land in the 3rd quarter worth $973,000. Finally, Waverton Investment Management Ltd grew its holdings in shares of Texas Pacific Land by 18.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 14,166 shares of the financial services provider’s stock worth $12,524,000 after acquiring an additional 2,160 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Stock Down 0.3 %

Shares of Texas Pacific Land stock opened at $1,326.99 on Wednesday. The stock has a market cap of $30.50 billion, a PE ratio of 67.29 and a beta of 1.68. The business has a fifty day simple moving average of $1,335.01 and a 200-day simple moving average of $1,199.52. Texas Pacific Land Co. has a 12 month low of $509.39 and a 12 month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.60 dividend. The ex-dividend date is Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.48%. Texas Pacific Land’s dividend payout ratio (DPR) is presently 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.