Texas Pacific Land Corporation $TPL Shares Purchased by Aberdeen Group plc

Aberdeen Group plc boosted its holdings in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 9.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,675 shares of the financial services provider's stock after buying an additional 1,381 shares during the quarter. Aberdeen Group plc owned 0.07% of Texas Pacific Land worth $16,559,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Texas Pacific Land by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 2,466,123 shares of the financial services provider's stock worth $3,267,588,000 after purchasing an additional 115,743 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Texas Pacific Land by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 183,485 shares of the financial services provider's stock worth $243,116,000 after purchasing an additional 3,850 shares during the period. Schwartz Investment Counsel Inc. boosted its stake in Texas Pacific Land by 0.4% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 150,823 shares of the financial services provider's stock worth $199,839,000 after purchasing an additional 642 shares during the period. Dimensional Fund Advisors LP boosted its stake in Texas Pacific Land by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 126,347 shares of the financial services provider's stock worth $167,386,000 after purchasing an additional 2,623 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Texas Pacific Land by 23.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,999 shares of the financial services provider's stock worth $120,573,000 after purchasing an additional 17,066 shares during the period. Institutional investors and hedge funds own 59.94% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Texas Pacific Land in a research note on Tuesday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Texas Pacific Land Stock Up 1.8%

Shares of NYSE:TPL opened at $908.50 on Wednesday. The firm has a fifty day moving average of $915.47 and a two-hundred day moving average of $1,078.29. The firm has a market capitalization of $20.88 billion, a P/E ratio of 45.29 and a beta of 1.12. Texas Pacific Land Corporation has a 12-month low of $845.56 and a 12-month high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $5.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.48 by ($0.43). The company had revenue of $187.54 million for the quarter, compared to analyst estimates of $198.00 million. Texas Pacific Land had a net margin of 62.16% and a return on equity of 39.47%.

Texas Pacific Land Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.60 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.7%. Texas Pacific Land's dividend payout ratio (DPR) is currently 31.90%.

Insider Buying and Selling at Texas Pacific Land

In other Texas Pacific Land news, Director Eric L. Oliver purchased 100 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of $881.27 per share, for a total transaction of $88,127.00. Following the acquisition, the director owned 393,600 shares of the company's stock, valued at $346,867,872. This trade represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.90% of the company's stock.

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.

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