Asset Management One Co. Ltd. Boosts Stake in Texas Pacific Land Corporation (NYSE:TPL)

Asset Management One Co. Ltd. grew its holdings in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,088 shares of the financial services provider's stock after acquiring an additional 611 shares during the period. Asset Management One Co. Ltd.'s holdings in Texas Pacific Land were worth $10,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TPL. Flagship Harbor Advisors LLC increased its position in Texas Pacific Land by 10.8% in the first quarter. Flagship Harbor Advisors LLC now owns 481 shares of the financial services provider's stock worth $638,000 after buying an additional 47 shares in the last quarter. Flower City Capital purchased a new stake in Texas Pacific Land in the 1st quarter worth approximately $485,000. Cross Staff Investments Inc raised its stake in Texas Pacific Land by 2.2% during the 1st quarter. Cross Staff Investments Inc now owns 747 shares of the financial services provider's stock worth $989,000 after acquiring an additional 16 shares during the period. Praxis Investment Management Inc. lifted its stake in shares of Texas Pacific Land by 32.8% during the 1st quarter. Praxis Investment Management Inc. now owns 770 shares of the financial services provider's stock valued at $1,020,000 after buying an additional 190 shares in the last quarter. Finally, Marietta Wealth Management LLC lifted its position in shares of Texas Pacific Land by 0.8% in the first quarter. Marietta Wealth Management LLC now owns 6,100 shares of the financial services provider's stock valued at $8,082,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Up 0.2%

TPL stock traded up $2.16 during midday trading on Monday, hitting $1,057.60. The company's stock had a trading volume of 142,652 shares, compared to its average volume of 146,854. The firm has a market capitalization of $24.31 billion, a price-to-earnings ratio of 52.91 and a beta of 1.12. The company has a 50 day moving average of $1,221.85 and a two-hundred day moving average of $1,267.70. Texas Pacific Land Corporation has a 12 month low of $724.75 and a 12 month high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing the consensus estimate of $5.27 by ($0.03). Texas Pacific Land had a return on equity of 40.04% and a net margin of 63.24%. The firm had revenue of $195.98 million for the quarter, compared to analysts' expectations of $211.00 million.

Texas Pacific Land Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Monday, June 2nd. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.02%.

Texas Pacific Land 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.