385 Shares in Texas Pacific Land Co. (NYSE:TPL) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. bought a new position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 385 shares of the financial services provider's stock, valued at approximately $426,000.

A number of other institutional investors have also recently added to or reduced their stakes in TPL. JPMorgan Chase & Co. boosted its holdings in Texas Pacific Land by 19.9% in the fourth quarter. JPMorgan Chase & Co. now owns 40,670 shares of the financial services provider's stock valued at $44,979,000 after acquiring an additional 6,747 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Texas Pacific Land during the fourth quarter worth $641,000. Miracle Mile Advisors LLC acquired a new position in Texas Pacific Land in the fourth quarter valued at $8,545,000. Brave Asset Management Inc. grew its holdings in Texas Pacific Land by 87.1% during the 4th quarter. Brave Asset Management Inc. now owns 537 shares of the financial services provider's stock worth $594,000 after acquiring an additional 250 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of Texas Pacific Land by 175.6% in the 3rd quarter. MML Investors Services LLC now owns 1,527 shares of the financial services provider's stock valued at $1,351,000 after purchasing an additional 973 shares during the period. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Stock Performance

Shares of TPL stock traded up $18.97 during trading hours on Wednesday, hitting $1,329.40. 40,772 shares of the company were exchanged, compared to its average volume of 153,094. Texas Pacific Land Co. has a fifty-two week low of $555.71 and a fifty-two week high of $1,769.14. The company has a 50 day simple moving average of $1,310.05 and a two-hundred day simple moving average of $1,286.34. The firm has a market cap of $30.56 billion, a P/E ratio of 67.41 and a beta of 1.44.

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 company had revenue of $185.78 million for the quarter.

Texas Pacific Land Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 (DPR) is 32.45%.

Insider Activity

In other news, CFO Chris Steddum sold 214 shares of the firm'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 value of $281,193.86. Following the transaction, the chief financial officer now owns 3,502 shares in the company, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Micheal W. Dobbs sold 1,150 shares of Texas Pacific Land 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 directly owns 1,393 shares in the company, valued at $1,771,227.36. This represents a 45.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 86 shares of company stock worth $112,203 over the last three months. 6.50% of the stock is currently owned by 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.