TD Asset Management Inc increased its holdings in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,981 shares of the financial services provider's stock after acquiring an additional 406 shares during the quarter. TD Asset Management Inc's holdings in Texas Pacific Land were worth $10,575,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TPL. Teacher Retirement System of Texas acquired a new position in Texas Pacific Land during the 4th quarter worth $202,000. JPMorgan Chase & Co. grew its stake in Texas Pacific Land by 19.9% in 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 in the last quarter. Pictet Asset Management Holding SA grew its stake in Texas Pacific Land by 16.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,652 shares of the financial services provider's stock worth $8,463,000 after purchasing an additional 1,109 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Texas Pacific Land by 12,261.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 31,152 shares of the financial services provider's stock valued at $34,453,000 after buying an additional 30,900 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in Texas Pacific Land by 12.3% during the fourth quarter. Schroder Investment Management Group now owns 4,655 shares of the financial services provider's stock valued at $5,155,000 after buying an additional 509 shares in the last quarter. Hedge funds and other institutional investors own 59.94% of the company's stock.
Texas Pacific Land Trading Down 1.9%
Shares of TPL opened at $967.64 on Friday. Texas Pacific Land Corporation has a 52 week low of $736.75 and a 52 week high of $1,769.14. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 48.41 and a beta of 1.08. The stock has a 50 day moving average of $1,067.53 and a 200-day moving average of $1,238.69.
Texas Pacific Land (NYSE:TPL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing analysts' consensus estimates of $5.27 by ($0.03). Texas Pacific Land had a return on equity of 40.04% and a net margin of 63.24%. The business 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $1.60 per share. The ex-dividend date was Monday, June 2nd. This represents a $6.40 annualized dividend and a yield of 0.7%. Texas Pacific Land's dividend payout ratio is 32.02%.
About Texas Pacific Land
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding TPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Pacific Land Corporation (NYSE:TPL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Texas Pacific Land, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Texas Pacific Land wasn't on the list.
While Texas Pacific Land currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
