AustralianSuper Pty Ltd Acquires 391 Shares of Texas Pacific Land Corporation (NYSE:TPL)

AustralianSuper Pty Ltd grew its holdings in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,591 shares of the financial services provider's stock after purchasing an additional 391 shares during the quarter. AustralianSuper Pty Ltd's holdings in Texas Pacific Land were worth $11,383,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Texas Pacific Land by 19.9% during the fourth quarter. JPMorgan Chase & Co. now owns 40,670 shares of the financial services provider's stock worth $44,979,000 after buying an additional 6,747 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Texas Pacific Land by 173.6% during the 4th quarter. Toronto Dominion Bank now owns 6,364 shares of the financial services provider's stock valued at $7,038,000 after acquiring an additional 4,038 shares during the last quarter. Spring Capital Management LLC bought a new stake in shares of Texas Pacific Land during the 1st quarter valued at $5,008,000. ProShare Advisors LLC lifted its stake in shares of Texas Pacific Land by 347.0% in the 4th quarter. ProShare Advisors LLC now owns 3,670 shares of the financial services provider's stock valued at $4,059,000 after purchasing an additional 2,849 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in shares of Texas Pacific Land by 110.0% in the 1st quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider's stock worth $28,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company's stock.

Texas Pacific Land Stock Performance

TPL stock traded up $4.57 during midday trading on Friday, hitting $996.79. 137,925 shares of the company's stock were exchanged, compared to its average volume of 148,404. Texas Pacific Land Corporation has a one year low of $736.75 and a one year high of $1,769.14. The stock's fifty day moving average price is $1,141.17 and its 200-day moving average price is $1,256.46. The company has a market cap of $22.92 billion, a PE ratio of 49.86 and a beta of 1.08.

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

Texas Pacific Land Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $6.40 annualized dividend and a yield of 0.64%. Texas Pacific Land's payout ratio is currently 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.