Robeco Institutional Asset Management B.V. Has $2.19 Million Holdings in Texas Pacific Land Corporation $TPL

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 62.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,068 shares of the financial services provider's stock after selling 3,370 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Texas Pacific Land were worth $2,185,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Truist Financial Corp increased its position in Texas Pacific Land by 0.6% during the second quarter. Truist Financial Corp now owns 2,181 shares of the financial services provider's stock worth $2,304,000 after buying an additional 13 shares during the last quarter. Greenleaf Trust grew its position in shares of Texas Pacific Land by 48.6% in the second quarter. Greenleaf Trust now owns 330 shares of the financial services provider's stock valued at $349,000 after purchasing an additional 108 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Texas Pacific Land by 10.5% in the second quarter. Janney Montgomery Scott LLC now owns 19,543 shares of the financial services provider's stock valued at $20,646,000 after purchasing an additional 1,864 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Texas Pacific Land by 119.3% in the second quarter. V Square Quantitative Management LLC now owns 296 shares of the financial services provider's stock valued at $313,000 after purchasing an additional 161 shares during the last quarter. Finally, Western Financial Corp CA grew its position in shares of Texas Pacific Land by 20.4% in the second quarter. Western Financial Corp CA now owns 975 shares of the financial services provider's stock valued at $1,030,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company's stock.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $960.06 on Wednesday. The company has a market capitalization of $22.06 billion, a P/E ratio of 47.86 and a beta of 1.12. Texas Pacific Land Corporation has a 1 year low of $845.56 and a 1 year high of $1,769.14. The business's 50 day simple moving average is $920.43 and its 200 day simple moving average is $1,093.27.

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

Texas Pacific Land Announces Dividend

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

Insiders Place Their Bets

In other Texas Pacific Land news, Director Eric L. Oliver bought 100 shares of the business's stock in a transaction on Thursday, August 21st. The stock was purchased at an average cost of $881.27 per share, for a total transaction of $88,127.00. Following the completion of the purchase, the director directly owned 393,600 shares of the company's stock, valued at approximately $346,867,872. This trade represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 6.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Texas Pacific Land in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Texas Pacific Land currently has an average rating of "Hold".

About Texas Pacific Land

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.

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