Blair William & Co. IL Grows Stake in Texas Pacific Land Co. (NYSE:TPL)

Blair William & Co. IL grew its position in Texas Pacific Land Co. (NYSE:TPL) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,347 shares of the financial services provider’s stock after buying an additional 390 shares during the quarter. Blair William & Co. IL’s holdings in Texas Pacific Land were worth $9,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. bought a new stake in shares of Texas Pacific Land in the fourth quarter valued at about $29,000. Atala Financial Inc purchased a new position in Texas Pacific Land during the 4th quarter valued at about $31,000. Quest Partners LLC purchased a new position in Texas Pacific Land during the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Texas Pacific Land in the 4th quarter worth approximately $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 12 shares during the period. Institutional investors own 59.94% of the company’s stock.

Insider Buying and Selling at Texas Pacific Land

In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of Texas Pacific Land 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 transaction, the chief financial officer now directly owns 3,502 shares of the company’s stock, valued at approximately $4,601,592.98. The trade was a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Micheal W. Dobbs sold 1,150 shares of the stock in a transaction 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 sale, the vice president now owns 1,393 shares of the company’s stock, valued at approximately $1,771,227.36. This represents a 45.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 68 shares of company stock valued at $91,008. 6.50% of the stock is currently owned by insiders.

Texas Pacific Land Stock Down 1.8 %

Shares of TPL stock opened at $1,307.86 on Friday. The firm has a market cap of $30.06 billion, a price-to-earnings ratio of 66.32 and a beta of 1.69. Texas Pacific Land Co. has a 52-week low of $555.71 and a 52-week high of $1,769.14. The company’s 50 day moving average is $1,348.93 and its 200 day moving average is $1,242.51.

Texas Pacific Land (NYSE:TPL) last announced 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 for 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 company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.60 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 0.49%. Texas Pacific Land’s dividend payout ratio is presently 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.