Texas Pacific Land Co. (NYSE:TPL) is Lawson Kroeker Investment Management Inc. NE’s Largest Position

Lawson Kroeker Investment Management Inc. NE reduced its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 6.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 46,309 shares of the financial services provider’s stock after selling 3,398 shares during the period. Texas Pacific Land makes up about 9.6% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its biggest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Texas Pacific Land were worth $51,216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Texas Pacific Land in the third quarter valued at $25,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Texas Pacific Land in the third quarter valued at $44,000. Quest Partners LLC acquired a new stake in shares of Texas Pacific Land in the third quarter valued at $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Texas Pacific Land by 21.1% in the fourth 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. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Trading Down 0.2 %

Shares of NYSE TPL opened at $1,272.85 on Thursday. The stock has a market cap of $29.25 billion, a P/E ratio of 65.31 and a beta of 1.68. Texas Pacific Land Co. has a 12-month low of $467.62 and a 12-month high of $1,769.14. The business’s fifty day simple moving average is $1,317.58 and its 200-day simple moving average is $1,087.45.

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

Texas Pacific Land Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $1.60 dividend. The ex-dividend date was Monday, December 2nd. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. This represents a $6.40 dividend on an annualized basis and a yield of 0.50%. Texas Pacific Land’s dividend payout ratio (DPR) is currently 32.84%.

Insider Buying and Selling at Texas Pacific Land

In other news, CAO Stephanie Buffington sold 210 shares of Texas Pacific Land stock in a transaction dated 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 sale, the chief accounting officer now owns 584 shares in the company, valued at approximately $810,784.72. The trade was a 26.45 % 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. Insiders have acquired a total of 73 shares of company stock worth $100,462 over the last ninety days. Corporate insiders own 6.50% of the company’s stock.

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.