Banco Bilbao Vizcaya Argentaria S.A. Makes New Investment in Texas Pacific Land Co. (NYSE:TPL)

Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Texas Pacific Land Co. (NYSE:TPL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 387 shares of the financial services provider's stock, valued at approximately $428,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. boosted its stake in Texas Pacific Land by 108.3% during the 4th quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 13 shares in the last quarter. Assetmark Inc. bought a new position in shares of Texas Pacific Land during the 4th quarter valued at about $29,000. Atala Financial Inc acquired a new stake in shares of Texas Pacific Land during the 4th quarter valued at $31,000. TD Waterhouse Canada Inc. grew its holdings in shares of Texas Pacific Land by 45.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 48 shares of the financial services provider's stock worth $53,000 after acquiring an additional 15 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Texas Pacific Land in the 4th quarter valued at $66,000. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Stock Up 3.3 %

Shares of TPL traded up $43.22 during trading hours on Friday, reaching $1,349.35. The company's stock had a trading volume of 101,895 shares, compared to its average volume of 154,028. Texas Pacific Land Co. has a 1-year low of $558.00 and a 1-year high of $1,769.14. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 68.43 and a beta of 1.44. The company has a 50 day moving average of $1,302.75 and a two-hundred day moving average of $1,299.68.

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

Texas Pacific Land Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, March 3rd. Texas Pacific Land's dividend payout ratio is 32.45%.

Insider Buying and Selling at Texas Pacific Land

In other news, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total transaction 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. This represents a 45.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Chris Steddum sold 214 shares of Texas Pacific Land stock in a transaction on 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 sale, the chief financial officer now directly owns 3,502 shares of the company's stock, valued at approximately $4,601,592.98. This trade represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 94 shares of company stock worth $122,851. 6.50% of the stock is currently owned by corporate insiders.

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.