Mutual Advisors LLC Boosts Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Mutual Advisors LLC grew its position in Texas Pacific Land Co. (NYSE:TPL) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,144 shares of the financial services provider’s stock after acquiring an additional 24 shares during the quarter. Mutual Advisors LLC’s holdings in Texas Pacific Land were worth $2,371,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in Texas Pacific Land by 3.8% in the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock valued at $674,727,000 after purchasing an additional 27,884 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Texas Pacific Land by 21.5% in the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after buying an additional 81,974 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Texas Pacific Land in the second quarter worth about $131,014,000. Charles Schwab Investment Management Inc. boosted its position in Texas Pacific Land by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 136,418 shares of the financial services provider’s stock worth $120,694,000 after acquiring an additional 1,984 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC grew its stake in Texas Pacific Land by 3.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider’s stock valued at $87,764,000 after acquiring an additional 3,363 shares in the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Trading Down 0.8 %

TPL stock opened at $1,404.90 on Friday. The firm has a 50-day moving average of $1,326.98 and a two-hundred day moving average of $1,070.88. Texas Pacific Land Co. has a 12 month low of $467.62 and a 12 month high of $1,769.14. The company has a market cap of $32.28 billion, a price-to-earnings ratio of 72.08 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $4.63 EPS for the quarter. The firm had revenue of $173.56 million during the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%. During the same period in the prior year, the business posted $4.58 EPS.

Texas Pacific Land Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $1.60 per share. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. The ex-dividend date was Monday, December 2nd. This represents a $6.40 annualized dividend and a dividend yield of 0.46%. Texas Pacific Land’s payout ratio is presently 32.84%.

Insider Activity at Texas Pacific Land

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the completion of the sale, the chief accounting officer now owns 584 shares of the company’s stock, valued at $810,784.72. This trade represents a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders bought 77 shares of company stock valued at $104,384. 6.50% of the stock is owned by company insiders.

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.