Texas Pacific Land Co. (NYSE:TPL) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 11.1% during the 4th quarter, HoldingsChannel reports. The firm owned 100 shares of the financial services provider’s stock after purchasing an additional 10 shares during the quarter. Signaturefd LLC’s holdings in Texas Pacific Land were worth $111,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. State Street Corp boosted its stake in Texas Pacific Land by 3.8% during the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock worth $674,727,000 after buying an additional 27,884 shares during the last quarter. Geode Capital Management LLC increased its position in Texas Pacific Land by 21.5% during the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock worth $411,943,000 after purchasing an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Texas Pacific Land by 31.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider’s stock worth $198,669,000 after purchasing an additional 43,217 shares during the period. Douglass Winthrop Advisors LLC boosted its holdings in Texas Pacific Land by 3.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider’s stock valued at $87,764,000 after purchasing an additional 3,363 shares during the last quarter. Finally, York GP Ltd. purchased a new stake in shares of Texas Pacific Land in the 4th quarter valued at approximately $101,859,000. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Micheal W. Dobbs sold 1,150 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the transaction, the vice president now directly owns 1,393 shares in the company, valued at approximately $1,771,227.36. This represents a 45.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Chris Steddum sold 214 shares of Texas Pacific Land stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the completion of the sale, the chief financial officer now owns 3,502 shares of the company’s stock, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 56 shares of company stock valued at $74,564 over the last 90 days. 6.50% of the stock is owned by company insiders.

Texas Pacific Land Price Performance

Shares of NYSE TPL opened at $1,275.33 on Monday. Texas Pacific Land Co. has a 1 year low of $555.71 and a 1 year high of $1,769.14. The company has a market capitalization of $29.31 billion, a P/E ratio of 64.67 and a beta of 1.69. The company has a 50 day simple moving average of $1,350.80 and a 200-day simple moving average of $1,226.35.

Texas Pacific Land (NYSE:TPL) last posted 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 40.23% and a net margin of 64.32%. The company had revenue of $185.78 million for the quarter.

Texas Pacific Land Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.60 dividend. The ex-dividend date was Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 0.50%. Texas Pacific Land’s 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.