AQR Capital Management LLC Has $84.19 Million Stake in Texas Pacific Land Co. (NYSE:TPL)

AQR Capital Management LLC lifted its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,119 shares of the financial services provider's stock after buying an additional 3,432 shares during the period. AQR Capital Management LLC owned 0.33% of Texas Pacific Land worth $84,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. raised its position in shares of Texas Pacific Land by 108.3% during the 4th quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock worth $28,000 after purchasing an additional 13 shares during the period. Assetmark Inc. acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at approximately $29,000. Atala Financial Inc acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at approximately $31,000. TD Waterhouse Canada Inc. raised its holdings in shares of Texas Pacific Land by 45.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 48 shares of the financial services provider's stock valued at $53,000 after buying an additional 15 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Texas Pacific Land in the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 59.94% of the company's stock.

Texas Pacific Land Stock Up 0.3 %

Texas Pacific Land stock traded up $3.83 during mid-day trading on Tuesday, hitting $1,325.44. 30,110 shares of the company's stock traded hands, compared to its average volume of 154,060. Texas Pacific Land Co. has a one year low of $562.04 and a one year high of $1,769.14. The company has a market cap of $30.47 billion, a PE ratio of 67.35 and a beta of 1.44. The firm has a 50 day moving average price of $1,303.45 and a 200 day moving average price of $1,307.10.

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

Texas Pacific Land Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 3rd. Texas Pacific Land's dividend payout ratio is presently 32.45%.

Insider Activity at Texas Pacific Land

In other news, VP Micheal W. Dobbs sold 1,150 shares of Texas Pacific Land 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 owns 1,393 shares of the company's stock, valued at $1,771,227.36. The trade was a 45.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Chris Steddum sold 214 shares of the 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 sale, the chief financial officer now directly owns 3,502 shares of the company's stock, valued at approximately $4,601,592.98. This represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 96 shares of company stock valued at $125,522 over the last 90 days. 6.50% of the stock is currently owned by corporate insiders.

About Texas Pacific Land

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.