Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $4.43 Million Stake in Texas Pacific Land Co. (NYSE:TPL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in Texas Pacific Land Co. (NYSE:TPL) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,006 shares of the financial services provider’s stock after selling 148 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Texas Pacific Land were worth $4,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TPL. Assetmark Inc. acquired a new position in Texas Pacific Land in the fourth quarter valued at about $29,000. Atala Financial Inc acquired a new position in Texas Pacific Land in the fourth quarter valued at about $31,000. Quest Partners LLC acquired a new position in Texas Pacific Land in the third quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Texas Pacific Land in the fourth quarter valued at about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 buying an additional 12 shares during the period. Institutional investors and hedge funds own 59.94% of the company’s stock.

Insiders Place Their Bets

In related news, VP Micheal W. Dobbs sold 1,150 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the completion of the transaction, the vice president now directly owns 1,393 shares of the company’s stock, valued at approximately $1,771,227.36. This represents a 45.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Chris Steddum sold 214 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total value of $281,193.86. Following the transaction, the chief financial officer now directly owns 3,502 shares of the company’s stock, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 56 shares of company stock worth $74,564 over the last ninety days. 6.50% of the stock is currently owned by corporate insiders.

Texas Pacific Land Trading Down 7.0 %

NYSE:TPL opened at $1,275.33 on Monday. Texas Pacific Land Co. has a 1-year low of $555.71 and a 1-year high of $1,769.14. The business’s 50-day moving average price is $1,350.80 and its two-hundred day moving average price is $1,226.35. The firm has a market capitalization of $29.31 billion, a price-to-earnings ratio of 64.67 and a beta of 1.69.

Texas Pacific Land (NYSE:TPL) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (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 firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.60 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.50%. Texas Pacific Land’s dividend payout ratio (DPR) is currently 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.