New York State Teachers Retirement System Buys 2,100 Shares of Texas Pacific Land Corporation (NYSE:TPL)

New York State Teachers Retirement System boosted its holdings in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 18.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,189 shares of the financial services provider's stock after acquiring an additional 2,100 shares during the period. New York State Teachers Retirement System owned 0.06% of Texas Pacific Land worth $17,475,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Texas Pacific Land by 19.9% during the fourth quarter. JPMorgan Chase & Co. now owns 40,670 shares of the financial services provider's stock worth $44,979,000 after purchasing an additional 6,747 shares during the period. Toronto Dominion Bank boosted its holdings in Texas Pacific Land by 173.6% during the fourth quarter. Toronto Dominion Bank now owns 6,364 shares of the financial services provider's stock worth $7,038,000 after buying an additional 4,038 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of Texas Pacific Land during the 4th quarter worth about $380,000. Spring Capital Management LLC bought a new stake in shares of Texas Pacific Land in the 1st quarter valued at about $5,008,000. Finally, ProShare Advisors LLC increased its stake in shares of Texas Pacific Land by 347.0% in the 4th quarter. ProShare Advisors LLC now owns 3,670 shares of the financial services provider's stock valued at $4,059,000 after acquiring an additional 2,849 shares during the last quarter. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Up 0.4%

Texas Pacific Land stock traded up $4.02 during midday trading on Friday, hitting $1,075.97. 56,403 shares of the stock were exchanged, compared to its average volume of 147,245. The stock has a market capitalization of $24.74 billion, a PE ratio of 53.83 and a beta of 1.08. The company has a fifty day simple moving average of $1,201.38 and a two-hundred day simple moving average of $1,264.15. Texas Pacific Land Corporation has a 52 week low of $736.75 and a 52 week high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.27 by ($0.03). Texas Pacific Land had a net margin of 63.24% and a return on equity of 40.04%. The firm had revenue of $195.98 million during the quarter, compared to analyst estimates of $211.00 million.

Texas Pacific Land Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $1.60 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $6.40 annualized dividend and a dividend yield of 0.59%. Texas Pacific Land's dividend payout ratio (DPR) is currently 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.