Voya Investment Management LLC grew its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,446 shares of the financial services provider's stock after acquiring an additional 1,163 shares during the quarter. Voya Investment Management LLC's holdings in Texas Pacific Land were worth $12,659,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in Texas Pacific Land by 108.3% in the 4th quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 13 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at about $29,000. Atala Financial Inc purchased a new stake in shares of Texas Pacific Land during the 4th quarter valued at about $31,000. TD Waterhouse Canada Inc. lifted its position in Texas Pacific Land by 45.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 48 shares of the financial services provider's stock worth $53,000 after acquiring an additional 15 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Texas Pacific Land in the 4th quarter worth approximately $66,000. 59.94% of the stock is currently owned by hedge funds and other institutional investors.
Texas Pacific Land Stock Up 1.7 %
Shares of NYSE TPL traded up $21.66 during trading on Thursday, reaching $1,310.53. 109,357 shares of the stock were exchanged, compared to its average volume of 154,236. The business's 50-day moving average price is $1,302.75 and its 200 day moving average price is $1,299.68. The company has a market capitalization of $30.12 billion, a price-to-earnings ratio of 66.46 and a beta of 1.44. Texas Pacific Land Co. has a twelve month low of $558.00 and a twelve month high of $1,769.14.
Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%. The company had revenue of $185.78 million during the quarter.
Texas Pacific Land Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, March 3rd. Texas Pacific Land's payout ratio is 32.45%.
Insider Transactions at Texas Pacific Land
In related news, CFO Chris Steddum sold 214 shares of Texas Pacific Land stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total value of $281,193.86. Following the completion of the transaction, the chief financial officer now directly owns 3,502 shares in the company, valued at approximately $4,601,592.98. This trade represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Micheal W. Dobbs sold 1,150 shares of the company's stock in a transaction that occurred 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 in the company, valued at $1,771,227.36. The trade was a 45.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 95 shares of company stock valued at $124,165. 6.50% of the stock is currently owned by corporate insiders.
Texas Pacific Land Profile
(
Free Report)
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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