Janus Henderson Group PLC Increases Position in Texas Pacific Land Co. (NYSE:TPL)

Janus Henderson Group PLC increased its stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,815 shares of the financial services provider's stock after buying an additional 319 shares during the quarter. Janus Henderson Group PLC's holdings in Texas Pacific Land were worth $2,010,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Texas Pacific Land by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 2,350,380 shares of the financial services provider's stock valued at $2,599,426,000 after purchasing an additional 260,278 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Texas Pacific Land by 34.5% in the fourth quarter. Geode Capital Management LLC now owns 622,115 shares of the financial services provider's stock valued at $693,023,000 after purchasing an additional 159,597 shares during the last quarter. Invesco Ltd. boosted its holdings in Texas Pacific Land by 203.4% in the fourth quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider's stock valued at $331,321,000 after purchasing an additional 200,841 shares during the last quarter. Northern Trust Corp boosted its holdings in Texas Pacific Land by 21.8% in the fourth quarter. Northern Trust Corp now owns 224,768 shares of the financial services provider's stock valued at $248,584,000 after purchasing an additional 40,185 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Texas Pacific Land by 31.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider's stock worth $198,669,000 after acquiring an additional 43,217 shares during the period. 59.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the completion of the transaction, the vice president now owns 1,393 shares in the company, valued at $1,771,227.36. This represents a 45.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Chris Steddum sold 214 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the transaction, the chief financial officer now 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 148 shares of company stock worth $196,526. Company insiders own 6.50% of the company's stock.

Texas Pacific Land Trading Down 2.2%

Shares of Texas Pacific Land stock traded down $27.76 during trading hours on Tuesday, reaching $1,244.65. The stock had a trading volume of 123,669 shares, compared to its average volume of 158,048. The stock's 50 day moving average is $1,301.17 and its 200 day moving average is $1,324.70. The firm has a market capitalization of $28.61 billion, a PE ratio of 63.12 and a beta of 1.20. Texas Pacific Land Co. has a twelve month low of $578.56 and a twelve month high of $1,769.14.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.51%. Texas Pacific Land's dividend payout ratio (DPR) is currently 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.