Robeco Institutional Asset Management B.V. Sells 5,422 Shares of Texas Pacific Land Corporation (NYSE:TPL)

Robeco Institutional Asset Management B.V. lessened its holdings in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,438 shares of the financial services provider's stock after selling 5,422 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Texas Pacific Land were worth $7,205,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC bought a new stake in Texas Pacific Land during the first quarter worth approximately $203,000. Golden State Wealth Management LLC lifted its stake in shares of Texas Pacific Land by 110.0% in the first quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider's stock worth $28,000 after buying an additional 11 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Texas Pacific Land by 320.0% during the 1st quarter. Bessemer Group Inc. now owns 105 shares of the financial services provider's stock worth $139,000 after buying an additional 80 shares during the period. Spire Wealth Management acquired a new position in Texas Pacific Land in the 1st quarter valued at $844,000. Finally, Moran Wealth Management LLC acquired a new position in Texas Pacific Land in the 1st quarter valued at $217,000. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Trading Up 0.4%

TPL traded up $4.02 during trading on Thursday, hitting $1,075.97. The stock had a trading volume of 56,403 shares, compared to its average volume of 146,662. The firm has a market cap of $24.74 billion, a PE ratio of 53.83 and a beta of 1.08. Texas Pacific Land Corporation has a 12 month low of $731.32 and a 12 month high of $1,769.14. The company has a 50 day simple moving average of $1,211.78 and a 200-day simple moving average of $1,264.99.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its earnings results 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 company had revenue of $195.98 million for the quarter, compared to the consensus estimate of $211.00 million. Texas Pacific Land had a return on equity of 40.04% and a net margin of 63.24%.

Texas Pacific Land Announces Dividend

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