Texas Pacific Land Corporation $TPL Stock Holdings Increased by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Texas Pacific Land Corporation by 6.5%, reaching a total of 4,607 shares valued at approximately $4,867,000.
• Texas Pacific Land reported a missed EPS forecast for the last quarter, with earnings of $5.05, below the consensus estimate of $5.48.
• The company recently declared a $1.60 quarterly dividend, translating to an annual yield of 0.7%, with a payout ratio of 31.90%.

Czech National Bank increased its holdings in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,607 shares of the financial services provider's stock after buying an additional 280 shares during the quarter. Czech National Bank's holdings in Texas Pacific Land were worth $4,867,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TPL. Sandbox Financial Partners LLC boosted its position in Texas Pacific Land by 1.6% during the 2nd quarter. Sandbox Financial Partners LLC now owns 2,835 shares of the financial services provider's stock worth $2,994,000 after acquiring an additional 45 shares during the period. First Financial Bank Trust Division increased its holdings in shares of Texas Pacific Land by 15.3% during the second quarter. First Financial Bank Trust Division now owns 226 shares of the financial services provider's stock valued at $239,000 after purchasing an additional 30 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Texas Pacific Land during the first quarter valued at about $1,885,000. Cim LLC lifted its holdings in Texas Pacific Land by 89.5% in the first quarter. Cim LLC now owns 3,043 shares of the financial services provider's stock worth $4,032,000 after purchasing an additional 1,437 shares during the period. Finally, Strs Ohio bought a new position in Texas Pacific Land in the 1st quarter valued at about $849,000. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Up 0.6%

Texas Pacific Land stock traded up $5.12 during trading hours on Monday, hitting $880.22. 153,431 shares of the company traded hands, compared to its average volume of 134,272. Texas Pacific Land Corporation has a 1-year low of $845.56 and a 1-year high of $1,769.14. The firm has a market cap of $20.24 billion, a P/E ratio of 43.88 and a beta of 1.19. The firm's 50-day simple moving average is $926.46 and its two-hundred day simple moving average is $1,121.06.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.48 by ($0.43). Texas Pacific Land had a net margin of 62.16% and a return on equity of 39.47%. The company had revenue of $187.54 million during the quarter, compared to the consensus estimate of $198.00 million.

Texas Pacific Land Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.60 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $6.40 annualized dividend and a dividend yield of 0.7%. Texas Pacific Land's dividend payout ratio (DPR) is 31.90%.

Insider Activity at Texas Pacific Land

In other news, Director Eric L. Oliver acquired 100 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was acquired at an average price of $881.27 per share, for a total transaction of $88,127.00. Following the completion of the acquisition, the director directly owned 393,600 shares in the company, valued at $346,867,872. This represents a 0.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders acquired 210 shares of company stock valued at $190,205. 6.50% of the stock is currently owned by insiders.

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.