Russell Investments Group Ltd. Grows Stock Position in Texas Pacific Land Corporation $TPL

Russell Investments Group Ltd. increased its position in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,865 shares of the financial services provider's stock after purchasing an additional 364 shares during the quarter. Russell Investments Group Ltd.'s holdings in Texas Pacific Land were worth $13,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Texas Pacific Land by 241,048.0% during the 1st quarter. GAMMA Investing LLC now owns 361,722 shares of the financial services provider's stock valued at $479,278,000 after acquiring an additional 361,572 shares in the last quarter. Vanguard Group Inc. boosted its position in Texas Pacific Land by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 2,466,123 shares of the financial services provider's stock valued at $3,267,588,000 after acquiring an additional 115,743 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Texas Pacific Land by 943.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 121,055 shares of the financial services provider's stock valued at $133,883,000 after acquiring an additional 109,455 shares in the last quarter. Nuveen LLC bought a new stake in Texas Pacific Land during the 1st quarter valued at $68,518,000. Finally, Northern Trust Corp boosted its position in 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 valued at $248,584,000 after acquiring an additional 40,185 shares in the last quarter. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Price Performance

NYSE TPL traded up $24.76 during midday trading on Friday, hitting $905.04. 33,638 shares of the company traded hands, compared to its average volume of 137,912. The company has a market cap of $20.81 billion, a PE ratio of 45.12 and a beta of 1.14. The company's 50-day simple moving average is $991.59 and its 200-day simple moving average is $1,192.19. Texas Pacific Land Corporation has a 52 week low of $766.51 and a 52 week high of $1,769.14.

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 for the quarter, missing analysts' consensus estimates of $5.48 by ($0.43). The business had revenue of $187.54 million during 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $1.60 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.7%. Texas Pacific Land's dividend payout ratio (DPR) is presently 31.90%.

Insider Buying and Selling at Texas Pacific Land

In other Texas Pacific Land news, Director Eric L. Oliver acquired 100 shares of the stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $915.00 per share, with a total value of $91,500.00. Following the transaction, the director directly owned 393,400 shares of the company's stock, valued at $359,961,000. This trade represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 230 shares of company stock valued at $238,038. 6.50% of the stock is owned by company 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.