PKO Investment Management Joint Stock Co Acquires New Holdings in Texas Pacific Land Co. (NYSE:TPL)

PKO Investment Management Joint Stock Co acquired a new position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 630 shares of the financial services provider's stock, valued at approximately $697,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Texas Pacific Land by 108.3% during the 4th 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 last quarter. Assetmark Inc. bought a new stake in Texas Pacific Land during the 4th quarter worth about $29,000. Atala Financial Inc bought a new stake in Texas Pacific Land during the 4th quarter worth about $31,000. TD Waterhouse Canada Inc. raised its holdings in Texas Pacific Land by 45.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 48 shares of the financial services provider's stock worth $53,000 after purchasing an additional 15 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Texas Pacific Land by 5,700.0% during the 4th quarter. CoreCap Advisors LLC now owns 58 shares of the financial services provider's stock worth $64,000 after purchasing an additional 57 shares during the last quarter. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Stock Performance

NYSE:TPL traded down $3.21 on Monday, hitting $1,110.82. 156,653 shares of the stock were exchanged, compared to its average volume of 159,544. The stock has a market capitalization of $25.53 billion, a price-to-earnings ratio of 56.33 and a beta of 1.20. The company's 50-day moving average price is $1,287.21 and its 200 day moving average price is $1,318.26. Texas Pacific Land Co. has a 52 week low of $578.56 and a 52 week high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing analysts' consensus estimates of $5.27 by ($0.03). The company had revenue of $195.98 million during the quarter, compared to the consensus estimate of $211.00 million. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%.

Texas Pacific Land Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $1.60 dividend. The ex-dividend date is Monday, June 2nd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.58%. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.02%.

Insider Activity

In other news, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction dated 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 directly owns 1,393 shares of the company's stock, valued at $1,771,227.36. This represents a 45.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Chris Steddum sold 214 shares of the company's stock in a transaction dated Friday, March 14th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders purchased a total of 162 shares of company stock valued at $213,266 in the last ninety days. 6.50% of the stock is 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.