OMERS ADMINISTRATION Corp Purchases 1,040 Shares of Texas Pacific Land Co. (NYSE:TPL)

OMERS ADMINISTRATION Corp grew its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 164.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,673 shares of the financial services provider's stock after acquiring an additional 1,040 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Texas Pacific Land were worth $1,850,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TPL. Caprock Group LLC lifted its position in shares of Texas Pacific Land by 3.0% in the fourth quarter. Caprock Group LLC now owns 273 shares of the financial services provider's stock worth $302,000 after purchasing an additional 8 shares in the last quarter. Huntington National Bank lifted its position in Texas Pacific Land by 2.8% during the 4th quarter. Huntington National Bank now owns 333 shares of the financial services provider's stock worth $368,000 after buying an additional 9 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Texas Pacific Land by 11.1% during the 4th quarter. Signaturefd LLC now owns 100 shares of the financial services provider's stock worth $111,000 after buying an additional 10 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 12 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Texas Pacific Land by 108.3% in the fourth quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company's stock.

Insider Buying and Selling

In other news, CFO Chris Steddum sold 214 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the completion of the sale, the chief financial officer now owns 3,502 shares in the company, valued at approximately $4,601,592.98. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the completion of the transaction, the vice president now owns 1,393 shares in the company, valued at approximately $1,771,227.36. This trade represents a 45.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 132 shares of company stock worth $175,331. Insiders own 6.50% of the company's stock.

Texas Pacific Land Stock Performance

TPL traded up $21.39 on Wednesday, hitting $1,392.10. 25,787 shares of the company were exchanged, compared to its average volume of 156,294. Texas Pacific Land Co. has a 12 month low of $578.56 and a 12 month high of $1,769.14. The company has a market cap of $32.00 billion, a PE ratio of 70.74 and a beta of 1.20. The stock's fifty day moving average is $1,307.61 and its 200-day moving average is $1,325.11.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.24 earnings per share for the quarter, missing the consensus estimate of $5.27 by ($0.03). Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%. The company had revenue of $195.98 million for the quarter, compared to analyst estimates of $211.00 million.

Texas Pacific Land Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $1.60 dividend. The ex-dividend date is Monday, June 2nd. This represents a $6.40 annualized dividend and a dividend yield of 0.46%. Texas Pacific Land's dividend payout ratio is presently 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.