1,740 Shares in Texas Pacific Land Co. (NYSE:TPL) Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH bought a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,740 shares of the financial services provider’s stock, valued at approximately $1,924,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Texas Pacific Land by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 2,350,380 shares of the financial services provider’s stock valued at $2,599,426,000 after purchasing an additional 260,278 shares in the last quarter. Invesco Ltd. boosted its position in shares of Texas Pacific Land by 203.4% during the 4th quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider’s stock valued at $331,321,000 after acquiring an additional 200,841 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Texas Pacific Land by 34.5% in the fourth quarter. Geode Capital Management LLC now owns 622,115 shares of the financial services provider’s stock valued at $693,023,000 after purchasing an additional 159,597 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Texas Pacific Land by 943.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 121,055 shares of the financial services provider’s stock worth $133,883,000 after purchasing an additional 109,455 shares during the last quarter. Finally, York GP Ltd. purchased a new stake in Texas Pacific Land during the fourth quarter valued at $101,859,000. 59.94% of the stock is currently owned by institutional investors.

Insider Activity

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 transaction of $281,193.86. Following the completion of the transaction, the chief financial officer now directly owns 3,502 shares of the company’s stock, valued at $4,601,592.98. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $1,462,248.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have purchased 113 shares of company stock valued at $148,385. 6.50% of the stock is currently owned by insiders.

Texas Pacific Land Stock Up 0.8%

TPL stock opened at $1,429.12 on Friday. Texas Pacific Land Co. has a 52 week low of $578.56 and a 52 week high of $1,769.14. The firm has a market capitalization of $32.85 billion, a P/E ratio of 72.47 and a beta of 1.20. The company has a fifty day simple moving average of $1,303.87 and a two-hundred day simple moving average of $1,320.81.

Texas Pacific Land (NYSE:TPL) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing analysts’ consensus estimates of $5.27 by ($0.03). Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%. The business had revenue of $195.98 million during the quarter, compared to the consensus estimate of $211.00 million.

Texas Pacific Land Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, June 2nd. Texas Pacific Land’s dividend payout ratio (DPR) is 32.02%.

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.