United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases Shares of 300 Texas Pacific Land Corporation (NYSE:TPL)

Key Points

• United Super Pty Ltd acquired a $397,000 position in Texas Pacific Land Corporation by purchasing 300 shares during the first quarter.
• Texas Pacific Land recently reported earnings per share (EPS) of $5.24, missing analysts' estimates of $5.27, while revenue was $195.98 million against a consensus of $211 million.
• The company declared a quarterly dividend of $1.60 per share, resulting in an annualized dividend yield of 0.7%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Texas Pacific Land Corporation (NYSE:TPL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 300 shares of the financial services provider's stock, valued at approximately $397,000.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Texas Pacific Land by 241,048.0% during the first quarter. GAMMA Investing LLC now owns 361,722 shares of the financial services provider's stock worth $479,278,000 after purchasing an additional 361,572 shares during the period. Invesco Ltd. lifted its position in Texas Pacific Land by 203.4% during the fourth quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider's stock valued at $331,321,000 after buying an additional 200,841 shares during the period. Northern Trust Corp lifted its position in Texas Pacific Land by 21.8% during the 4th quarter. Northern Trust Corp now owns 224,768 shares of the financial services provider's stock valued at $248,584,000 after acquiring an additional 40,185 shares during the period. Schwartz Investment Counsel Inc. raised its stake in Texas Pacific Land by 0.4% during the first quarter. Schwartz Investment Counsel Inc. now owns 150,823 shares of the financial services provider's stock valued at $199,839,000 after buying an additional 642 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Texas Pacific Land by 943.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 121,055 shares of the financial services provider's stock worth $133,883,000 after buying an additional 109,455 shares in the last quarter. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Price Performance

Texas Pacific Land stock traded down $76.12 during mid-day trading on Thursday, reaching $874.50. 69,503 shares of the stock traded hands, compared to its average volume of 136,771. The business's 50-day moving average is $1,043.20 and its 200-day moving average is $1,226.90. Texas Pacific Land Corporation has a 12-month low of $752.70 and a 12-month high of $1,769.14. The stock has a market capitalization of $20.10 billion, a PE ratio of 44.25 and a beta of 1.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings data 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). Texas Pacific Land had a net margin of 63.24% and a return on equity of 40.04%. The company had revenue of $187.54 million for the quarter, compared to the consensus estimate of $198.00 million.

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.