Ipswich Investment Management Co. Inc. Sells 100 Shares of Texas Pacific Land Co. (NYSE:TPL)

Ipswich Investment Management Co. Inc. trimmed its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,325 shares of the financial services provider’s stock after selling 100 shares during the quarter. Texas Pacific Land makes up about 1.2% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 27th largest holding. Ipswich Investment Management Co. Inc.’s holdings in Texas Pacific Land were worth $4,783,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Texas Pacific Land during the third quarter valued at approximately $25,000. Quest Partners LLC bought a new stake in Texas Pacific Land during the third quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Texas Pacific Land during the fourth quarter valued at approximately $66,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Texas Pacific Land by 21.1% during 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 buying an additional 12 shares during the period. Finally, Signaturefd LLC lifted its holdings in Texas Pacific Land by 16.9% during the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 13 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,346.26 on Friday. Texas Pacific Land Co. has a 1-year low of $493.40 and a 1-year high of $1,769.14. The company has a market capitalization of $30.95 billion, a P/E ratio of 68.27 and a beta of 1.68. The firm’s 50 day simple moving average is $1,287.07 and its two-hundred day simple moving average is $1,150.51.

Texas Pacific Land (NYSE:TPL) last released its quarterly 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 for the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%.

Texas Pacific Land Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s payout ratio is presently 32.45%.

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.