Bank Julius Baer & Co. Ltd Zurich Makes New $3.32 Million Investment in Texas Pacific Land Co. (NYSE:TPL)

Bank Julius Baer & Co. Ltd Zurich bought a new position in Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,000 shares of the financial services provider’s stock, valued at approximately $3,318,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Caprock Group LLC grew its holdings in shares of Texas Pacific Land by 3.0% in the fourth quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 8 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 worth $76,000 after acquiring an additional 12 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Texas Pacific Land by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 13 shares during the period. M&T Bank Corp grew its holdings in shares of Texas Pacific Land by 2.1% in the fourth quarter. M&T Bank Corp now owns 941 shares of the financial services provider’s stock worth $1,041,000 after acquiring an additional 19 shares during the period. Finally, Peloton Wealth Strategists grew its holdings in shares of Texas Pacific Land by 1.8% in the third quarter. Peloton Wealth Strategists now owns 1,271 shares of the financial services provider’s stock worth $1,125,000 after acquiring an additional 23 shares during the period. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

Shares of TPL opened at $1,376.19 on Monday. Texas Pacific Land Co. has a one year low of $503.08 and a one year high of $1,769.14. The firm has a market capitalization of $31.63 billion, a P/E ratio of 69.79 and a beta of 1.69. The business has a fifty day moving average of $1,326.06 and a 200 day moving average of $1,192.68.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 EPS 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio is presently 32.45%.

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.