Texas Pacific Land Co. (NYSE:TPL) Holdings Cut by Sapient Capital LLC

Sapient Capital LLC trimmed its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 3.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,864 shares of the financial services provider's stock after selling 557 shares during the period. Sapient Capital LLC owned about 0.08% of Texas Pacific Land worth $23,670,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its holdings in Texas Pacific Land by 105.6% during the first quarter. Fifth Third Bancorp now owns 222 shares of the financial services provider's stock worth $294,000 after buying an additional 114 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Texas Pacific Land by 40.1% during the first quarter. SG Americas Securities LLC now owns 608 shares of the financial services provider's stock worth $806,000 after buying an additional 174 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Texas Pacific Land by 82.0% during the first quarter. GAMMA Investing LLC now owns 273 shares of the financial services provider's stock worth $362,000 after buying an additional 123 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in Texas Pacific Land during the first quarter worth approximately $280,000. Finally, Farther Finance Advisors LLC boosted its holdings in Texas Pacific Land by 3.3% during the first quarter. Farther Finance Advisors LLC now owns 344 shares of the financial services provider's stock worth $465,000 after buying an additional 11 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Stock Up 1.9%

NYSE:TPL traded up $20.72 during trading hours on Friday, reaching $1,118.22. 148,403 shares of the company's stock were exchanged, compared to its average volume of 157,334. The company has a market capitalization of $25.70 billion, a P/E ratio of 56.71 and a beta of 1.12. Texas Pacific Land Co. has a 12 month low of $724.75 and a 12 month high of $1,769.14. The business's 50-day simple moving average is $1,260.93 and its two-hundred day simple moving average is $1,290.22.

Texas Pacific Land (NYSE:TPL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing the consensus estimate of $5.27 by ($0.03). The firm had revenue of $195.98 million during the quarter, compared to analysts' expectations 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.60 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $6.40 annualized dividend and a dividend yield of 0.57%. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.02%.

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.