Texas Pacific Land Co. (NYSE:TPL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in Texas Pacific Land Co. (NYSE:TPL) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,257 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Texas Pacific Land were worth $15,768,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after buying an additional 13 shares in the last quarter. Private Advisor Group LLC boosted its stake in Texas Pacific Land by 0.7% in the third quarter. Private Advisor Group LLC now owns 3,657 shares of the financial services provider’s stock valued at $3,236,000 after acquiring an additional 27 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Texas Pacific Land during the third quarter worth about $45,400,000. IFM Investors Pty Ltd grew its holdings in shares of Texas Pacific Land by 43.3% during the third quarter. IFM Investors Pty Ltd now owns 5,082 shares of the financial services provider’s stock worth $4,496,000 after purchasing an additional 1,536 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Texas Pacific Land during the third quarter worth about $331,000. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,346.26 on Monday. The stock has a 50-day simple moving average of $1,287.07 and a 200-day simple moving average of $1,155.83. The company has a market capitalization of $30.94 billion, a P/E ratio of 68.27 and a beta of 1.68. Texas Pacific Land Co. has a fifty-two week low of $493.40 and a fifty-two week high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. The firm had revenue of $185.78 million during the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%.

Texas Pacific Land Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.60 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.48%. Texas Pacific Land’s dividend payout ratio (DPR) is currently 32.45%.

About Texas Pacific Land

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.