Teachers Retirement System of The State of Kentucky Has $3.53 Million Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 47.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,190 shares of the financial services provider's stock after selling 2,860 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Texas Pacific Land were worth $3,528,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TPL. Vanguard Group Inc. raised its stake in shares of Texas Pacific Land by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 2,350,380 shares of the financial services provider's stock worth $2,599,426,000 after purchasing an additional 260,278 shares in the last quarter. Invesco Ltd. grew its position in shares of Texas Pacific Land by 203.4% in the 4th quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider's stock valued at $331,321,000 after acquiring an additional 200,841 shares during the period. Geode Capital Management LLC raised its holdings in shares of Texas Pacific Land by 34.5% in the 4th quarter. Geode Capital Management LLC now owns 622,115 shares of the financial services provider's stock valued at $693,023,000 after purchasing an additional 159,597 shares during the period. York GP Ltd. bought a new position in Texas Pacific Land during the fourth quarter worth about $101,859,000. Finally, Charles Schwab Investment Management Inc. increased its position in Texas Pacific Land by 31.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider's stock worth $198,669,000 after buying an additional 43,217 shares during the last quarter. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Stock Down 1.0 %

Shares of NYSE TPL traded down $14.11 during midday trading on Tuesday, hitting $1,336.28. 15,527 shares of the company's stock were exchanged, compared to its average volume of 153,441. Texas Pacific Land Co. has a 12 month low of $555.71 and a 12 month high of $1,769.14. The company's 50 day moving average price is $1,305.89 and its 200 day moving average price is $1,297.85. The firm has a market capitalization of $30.71 billion, a PE ratio of 67.76 and a beta of 1.44.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. The company had revenue of $185.78 million during the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%.

Texas Pacific Land Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, March 3rd. Texas Pacific Land's dividend payout ratio is 32.45%.

Insiders Place Their Bets

In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the transaction, the chief financial officer now owns 3,502 shares in the company, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the sale, the vice president now owns 1,393 shares of the company's stock, valued at approximately $1,771,227.36. The trade was a 45.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 90 shares of company stock worth $117,505 in the last quarter. 6.50% of the stock is currently owned by corporate insiders.

Texas Pacific Land 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.