Cookson Peirce & Co. Inc. Takes Position in Texas Pacific Land Co. (NYSE:TPL)

Cookson Peirce & Co. Inc. bought a new stake in Texas Pacific Land Co. (NYSE:TPL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 421 shares of the financial services provider’s stock, valued at approximately $466,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of 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 purchasing an additional 27,884 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Texas Pacific Land by 21.5% in the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after buying an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Pacific Land by 31.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider’s stock valued at $198,669,000 after buying an additional 43,217 shares during the last quarter. Douglass Winthrop Advisors LLC raised its holdings in shares of Texas Pacific Land by 3.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider’s stock valued at $87,764,000 after buying an additional 3,363 shares during the last quarter. Finally, York GP Ltd. bought a new position in shares of Texas Pacific Land in the fourth quarter valued at about $101,859,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Down 0.0 %

Texas Pacific Land stock opened at $1,367.19 on Thursday. The stock has a 50-day simple moving average of $1,318.72 and a 200 day simple moving average of $1,182.98. Texas Pacific Land Co. has a 12-month low of $493.40 and a 12-month high of $1,769.14. The stock has a market capitalization of $31.42 billion, a price-to-earnings ratio of 69.33 and a beta of 1.68.

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

Texas Pacific Land Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.60 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.47%. Texas Pacific Land’s dividend payout ratio is 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.