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

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

Several other hedge funds and other institutional investors have also recently modified their holdings of TPL. GAMMA Investing LLC increased its stake in shares of Texas Pacific Land by 241,048.0% in the 1st quarter. GAMMA Investing LLC now owns 361,722 shares of the financial services provider's stock worth $479,278,000 after purchasing an additional 361,572 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Texas Pacific Land by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 2,350,380 shares of the financial services provider's stock worth $2,599,426,000 after purchasing an additional 260,278 shares in the last quarter. Invesco Ltd. increased its stake in shares of Texas Pacific Land by 203.4% in the 4th quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider's stock worth $331,321,000 after purchasing an additional 200,841 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Texas Pacific Land by 34.5% in the 4th quarter. Geode Capital Management LLC now owns 622,115 shares of the financial services provider's stock worth $693,023,000 after purchasing an additional 159,597 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Texas Pacific Land by 943.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 121,055 shares of the financial services provider's stock worth $133,883,000 after purchasing an additional 109,455 shares in the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Performance

TPL opened at $1,072.48 on Friday. Texas Pacific Land Corporation has a fifty-two week low of $724.75 and a fifty-two week high of $1,769.14. The firm's fifty day moving average is $1,230.58 and its 200 day moving average is $1,269.46. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 53.65 and a beta of 1.12.

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

Texas Pacific Land Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Monday, June 2nd. Texas Pacific Land's dividend payout ratio (DPR) is 32.02%.

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.

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