Crossmark Global Holdings Inc. Purchases 299 Shares of Texas Pacific Land Corporation (NYSE:TPL)

Crossmark Global Holdings Inc. increased its position in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 47.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 934 shares of the financial services provider's stock after purchasing an additional 299 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Texas Pacific Land were worth $1,238,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its position in Texas Pacific Land by 110.0% in the first quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider's stock worth $28,000 after acquiring an additional 11 shares during the period. Bessemer Group Inc. raised its position in shares of Texas Pacific Land by 108.3% in the fourth quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 13 shares during the period. Assetmark Inc. bought a new stake in shares of Texas Pacific Land in the fourth quarter valued at approximately $29,000. Atala Financial Inc bought a new stake in shares of Texas Pacific Land in the fourth quarter valued at approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Texas Pacific Land by 175.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 33 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 21 shares during the period. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Trading Down 0.9%

Shares of NYSE TPL traded down $9.71 during midday trading on Monday, hitting $1,037.07. The company's stock had a trading volume of 134,811 shares, compared to its average volume of 147,414. The stock has a fifty day moving average price of $1,173.20 and a 200 day moving average price of $1,261.53. Texas Pacific Land Corporation has a one year low of $736.75 and a one year high of $1,769.14. The firm has a market capitalization of $23.84 billion, a price-to-earnings ratio of 51.88 and a beta of 1.08.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted 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). The firm 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 announced 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. This represents a $6.40 dividend on an annualized basis and a yield of 0.62%. 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.