ASR Vermogensbeheer N.V. Buys New Stake in Texas Pacific Land Corporation (NYSE:TPL)

Key Points

• ASR Vermogensbeheer N.V. has made a significant investment in Texas Pacific Land Corporation, buying 12,302 shares valued at approximately $16.3 million, which amounts to 0.05% of the company's stock.
• Texas Pacific Land reported earnings per share of $5.24 for the last quarter, missing the consensus estimate by $0.03, with revenues of $195.98 million against expectations of $211 million.
• The company recently declared a $1.60 quarterly dividend, representing an annualized dividend of $6.40 and a yield of 0.7%, with a payout ratio of 32.02%.

ASR Vermogensbeheer N.V. acquired a new position in Texas Pacific Land Corporation (NYSE:TPL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,302 shares of the financial services provider's stock, valued at approximately $16,297,000. ASR Vermogensbeheer N.V. owned about 0.05% of Texas Pacific Land at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Texas Pacific Land by 241,048.0% during the 1st quarter. GAMMA Investing LLC now owns 361,722 shares of the financial services provider's stock worth $479,278,000 after acquiring an additional 361,572 shares during the last quarter. Invesco Ltd. lifted its position in Texas Pacific Land by 203.4% during the fourth quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider's stock valued at $331,321,000 after purchasing an additional 200,841 shares in the last quarter. Vanguard Group Inc. grew its holdings in Texas Pacific Land by 4.9% during the first quarter. Vanguard Group Inc. now owns 2,466,123 shares of the financial services provider's stock valued at $3,267,588,000 after purchasing an additional 115,743 shares during the period. Price T Rowe Associates Inc. MD increased its position in Texas Pacific Land by 943.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 121,055 shares of the financial services provider's stock worth $133,883,000 after buying an additional 109,455 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Texas Pacific Land by 21.8% in the fourth quarter. Northern Trust Corp now owns 224,768 shares of the financial services provider's stock worth $248,584,000 after buying an additional 40,185 shares during the period. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Price Performance

Shares of TPL stock traded down $3.87 during trading hours on Friday, reaching $863.59. 160,188 shares of the company traded hands, compared to its average volume of 168,122. Texas Pacific Land Corporation has a 12-month low of $766.51 and a 12-month high of $1,769.14. The company has a market cap of $19.85 billion, a P/E ratio of 43.05 and a beta of 1.14. The firm has a 50-day moving average price of $1,031.57 and a 200 day moving average price of $1,219.38.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $5.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.48 by ($0.43). The firm had revenue of $187.54 million during the quarter, compared to analysts' expectations of $198.00 million. Texas Pacific Land had a return on equity of 39.47% and a net margin of 62.16%.

Texas Pacific Land Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, September 2nd. Texas Pacific Land's dividend payout ratio is presently 31.90%.

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.