Dimensional Fund Advisors LP Sells 12,930 Shares of Texas Pacific Land Co. (NYSE:TPL)

Dimensional Fund Advisors LP cut its stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,724 shares of the financial services provider's stock after selling 12,930 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.54% of Texas Pacific Land worth $136,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. lifted its position in Texas Pacific Land by 108.3% during the fourth quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock worth $28,000 after acquiring an additional 13 shares during the last quarter. Assetmark Inc. acquired a new stake in Texas Pacific Land during the 4th quarter worth approximately $29,000. Atala Financial Inc bought a new stake in Texas Pacific Land in the 4th quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land during the fourth quarter worth $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 valued at $76,000 after acquiring an additional 12 shares in the last quarter. Institutional investors own 59.94% of the company's stock.

Insider Buying and Selling at Texas Pacific Land

In related news, VP Micheal W. Dobbs sold 1,150 shares of the firm's 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 completion of the transaction, the vice president now owns 1,393 shares in the company, valued at $1,771,227.36. This trade represents a 45.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Chris Steddum sold 214 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was 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 in the company, valued at $4,601,592.98. The trade was a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 92 shares of company stock worth $120,263 over the last quarter. Corporate insiders own 6.50% of the company's stock.

Texas Pacific Land Price Performance

NYSE:TPL traded up $10.26 during trading hours on Thursday, reaching $1,299.13. 22,700 shares of the company were exchanged, compared to its average volume of 153,521. The business has a 50 day moving average of $1,302.43 and a 200 day moving average of $1,297.99. The company has a market capitalization of $29.86 billion, a P/E ratio of 66.29 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. The business had revenue of $185.78 million during 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 business also recently disclosed 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 0.49%. The ex-dividend date of this dividend was Monday, March 3rd. Texas Pacific Land's payout ratio 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.