Barclays PLC Raises Holdings in Texas Pacific Land Co. (NYSE:TPL)

Barclays PLC grew its holdings in Texas Pacific Land Co. (NYSE:TPL) by 73.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,539 shares of the financial services provider’s stock after purchasing an additional 14,647 shares during the period. Barclays PLC owned about 0.15% of Texas Pacific Land worth $38,198,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in Texas Pacific Land by 108.3% in the 4th quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider’s stock worth $28,000 after buying an additional 13 shares in the last quarter. Assetmark Inc. bought a new stake in shares of Texas Pacific Land in the fourth quarter worth approximately $29,000. Atala Financial Inc bought a new stake in shares of Texas Pacific Land in the fourth quarter worth approximately $31,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Texas Pacific Land during the fourth quarter valued at approximately $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Texas Pacific Land by 21.1% in the fourth 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 last quarter. Hedge funds and other 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 the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total value of $281,193.86. Following the completion of the sale, the chief financial officer now owns 3,502 shares in the company, valued at $4,601,592.98. This represents a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Micheal W. Dobbs sold 1,150 shares of Texas Pacific Land stock in a transaction dated 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. The trade was a 45.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 84 shares of company stock valued at $109,748. Insiders own 6.50% of the company’s stock.

Texas Pacific Land Trading Up 1.4 %

Shares of TPL opened at $1,295.51 on Friday. The firm has a fifty day simple moving average of $1,314.16 and a two-hundred day simple moving average of $1,277.05. The firm has a market cap of $29.78 billion, a PE ratio of 65.70 and a beta of 1.44. Texas Pacific Land Co. has a 1-year low of $555.71 and a 1-year high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. The company 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $6.40 annualized dividend and a yield of 0.49%. Texas Pacific Land’s dividend payout ratio (DPR) is 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.