Siemens Fonds Invest GmbH Takes Position in Texas Pacific Land Co. (NYSE:TPL)

Siemens Fonds Invest GmbH bought a new position in Texas Pacific Land Co. (NYSE:TPL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,740 shares of the financial services provider's stock, valued at approximately $1,924,000.

A number of other hedge funds also recently bought and sold shares of TPL. Bessemer Group Inc. increased its stake in shares of Texas Pacific Land by 108.3% during the fourth quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock valued at $28,000 after buying an additional 13 shares during the period. Assetmark Inc. purchased a new position in shares of Texas Pacific Land during the fourth quarter valued at approximately $29,000. Atala Financial Inc purchased a new position in shares of Texas Pacific Land during the fourth quarter valued at approximately $31,000. TD Waterhouse Canada Inc. increased its stake in shares of Texas Pacific Land by 45.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 48 shares of the financial services provider's stock valued at $53,000 after buying an additional 15 shares during the period. Finally, CoreCap Advisors LLC increased its stake in shares of Texas Pacific Land by 5,700.0% during the fourth quarter. CoreCap Advisors LLC now owns 58 shares of the financial services provider's stock valued at $64,000 after buying an additional 57 shares during the period. Institutional investors own 59.94% of the company's stock.

Insider Buying and Selling

In other news, VP Micheal W. Dobbs sold 1,150 shares of the 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 sale, the vice president now directly owns 1,393 shares of the company's stock, valued at approximately $1,771,227.36. This represents a 45.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Chris Steddum sold 214 shares of the 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 in the company, valued at approximately $4,601,592.98. This represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought a total of 165 shares of company stock valued at $217,572 over the last ninety days. Company insiders own 6.50% of the company's stock.

Texas Pacific Land Stock Down 6.9%

Shares of TPL traded down $82.31 during mid-day trading on Friday, hitting $1,116.02. 371,578 shares of the company's stock traded hands, compared to its average volume of 159,555. Texas Pacific Land Co. has a 1 year low of $578.56 and a 1 year high of $1,769.14. The firm has a market capitalization of $25.65 billion, a P/E ratio of 56.59 and a beta of 1.20. The business's 50-day moving average price is $1,292.19 and its 200-day moving average price is $1,320.00.

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 earnings per share 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 return on equity of 40.23% and a net margin of 64.32%.

Texas Pacific Land Dividend Announcement

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 paid a $1.60 dividend. The ex-dividend date is Monday, June 2nd. This represents a $6.40 annualized dividend and a yield of 0.57%. Texas Pacific Land's payout ratio is 32.02%.

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.