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

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

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. raised its position in shares of Texas Pacific Land by 108.3% during the fourth quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock worth $28,000 after purchasing an additional 13 shares during the period. Golden State Wealth Management LLC raised its holdings in Texas Pacific Land by 110.0% during the 1st quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider's stock worth $28,000 after buying an additional 11 shares during the period. Assetmark Inc. acquired a new stake in Texas Pacific Land during the 4th quarter worth about $29,000. Atala Financial Inc purchased a new stake in Texas Pacific Land during the fourth quarter valued at about $31,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings 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 worth $44,000 after buying an additional 21 shares during the period. 59.94% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Trading Down 0.6%

NYSE:TPL traded down $5.96 during trading hours on Friday, hitting $1,045.07. 109,702 shares of the stock traded hands, compared to its average volume of 147,313. The firm has a market cap of $24.03 billion, a price-to-earnings ratio of 52.58 and a beta of 1.08. The firm has a 50 day moving average price of $1,179.29 and a 200 day moving average price of $1,260.99. Texas Pacific Land Corporation has a fifty-two week low of $736.75 and a fifty-two week high of $1,769.14.

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 the consensus estimate of $5.27 by ($0.03). The business had revenue of $195.98 million for the quarter, compared to analysts' expectations of $211.00 million. Texas Pacific Land had a net margin of 63.24% and a return on equity of 40.04%.

Texas Pacific Land Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 0.61%. The ex-dividend date of this dividend was Monday, June 2nd. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.02%.

Texas Pacific Land Company 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.