MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.54 Million Stock Position in Texas Pacific Land Co. (NYSE:TPL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 60.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,395 shares of the financial services provider's stock after purchasing an additional 527 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Texas Pacific Land were worth $1,543,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Texas Pacific Land by 12.5% during 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 acquiring an additional 260,278 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Texas Pacific Land by 34.5% during the 4th quarter. Geode Capital Management LLC now owns 622,115 shares of the financial services provider's stock worth $693,023,000 after acquiring an additional 159,597 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Texas Pacific Land by 203.4% during the 4th quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider's stock worth $331,321,000 after acquiring an additional 200,841 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Texas Pacific Land by 21.8% during the 4th quarter. Northern Trust Corp now owns 224,768 shares of the financial services provider's stock worth $248,584,000 after acquiring an additional 40,185 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Pacific Land by 31.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider's stock worth $198,669,000 after acquiring an additional 43,217 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Price Performance

Shares of TPL traded down $27.76 during trading hours on Tuesday, hitting $1,244.65. 123,669 shares of the company were exchanged, compared to its average volume of 158,048. The company has a market capitalization of $28.61 billion, a PE ratio of 63.12 and a beta of 1.20. The firm has a fifty day simple moving average of $1,303.75 and a 200-day simple moving average of $1,325.26. Texas Pacific Land Co. has a one year low of $578.56 and a one year high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last released its quarterly earnings data 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 company 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 40.23% and a net margin of 64.32%.

Texas Pacific Land Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.60 dividend. The ex-dividend date is Monday, June 2nd. This represents a $6.40 annualized dividend and a dividend yield of 0.51%. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.02%.

Insider Transactions at Texas Pacific Land

In other news, VP Micheal W. Dobbs sold 1,150 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the completion of the sale, the vice president now owns 1,393 shares of the company's stock, valued at $1,771,227.36. This trade represents a 45.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Chris Steddum sold 214 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total value of $281,193.86. Following the completion of the sale, the chief financial officer now directly owns 3,502 shares of the company's stock, valued at approximately $4,601,592.98. This trade represents a 5.76% decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 148 shares of company stock valued at $196,526 over the last quarter. Company insiders own 6.50% of the company's stock.

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.