Lawson Kroeker Investment Management Inc. NE Cuts Stock Holdings in Texas Pacific Land Corporation (NYSE:TPL)

Lawson Kroeker Investment Management Inc. NE decreased its holdings in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 12.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,775 shares of the financial services provider's stock after selling 5,534 shares during the quarter. Texas Pacific Land accounts for approximately 10.0% of Lawson Kroeker Investment Management Inc. NE's portfolio, making the stock its 2nd largest position. Lawson Kroeker Investment Management Inc. NE owned about 0.18% of Texas Pacific Land worth $54,026,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in 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 last quarter. Toronto Dominion Bank increased its position in shares of Texas Pacific Land by 173.6% during the 4th quarter. Toronto Dominion Bank now owns 6,364 shares of the financial services provider's stock valued at $7,038,000 after purchasing an additional 4,038 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of Texas Pacific Land during the 4th quarter valued at about $380,000. Spring Capital Management LLC bought a new stake in Texas Pacific Land in the 1st quarter worth approximately $5,008,000. Finally, ProShare Advisors LLC lifted its position in 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 worth $4,059,000 after buying an additional 2,849 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Stock Performance

TPL traded up $4.02 during midday trading on Friday, hitting $1,075.97. The stock had a trading volume of 56,403 shares, compared to its average volume of 146,961. Texas Pacific Land Corporation has a 1 year low of $736.75 and a 1 year high of $1,769.14. The business has a fifty day moving average of $1,206.54 and a 200 day moving average of $1,264.00. The company has a market cap of $24.73 billion, a P/E ratio of 53.83 and a beta of 1.08.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.27 by ($0.03). The business 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 63.24% and a return on equity of 40.04%.

Texas Pacific Land Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Monday, June 2nd. Texas Pacific Land's dividend payout ratio is 32.02%.

About Texas Pacific Land

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.