Allspring Global Investments Holdings LLC Buys 3,625 Shares of Texas Pacific Land Co. (NYSE:TPL)

Allspring Global Investments Holdings LLC boosted its stake in Texas Pacific Land Co. (NYSE:TPL) by 6,144.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,684 shares of the financial services provider’s stock after acquiring an additional 3,625 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Texas Pacific Land were worth $4,347,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Hartford Investment Management Co. bought a new stake in Texas Pacific Land in the 4th quarter valued at $1,285,000. Atlas Wealth Partners LLC lifted its position in Texas Pacific Land by 1.8% in the 4th quarter. Atlas Wealth Partners LLC now owns 13,292 shares of the financial services provider’s stock valued at $14,700,000 after acquiring an additional 239 shares in the last quarter. Cigna Investments Inc. New bought a new stake in Texas Pacific Land during the 4th quarter worth about $208,000. Principle Wealth Partners LLC lifted its position in Texas Pacific Land by 3.2% during the 4th quarter. Principle Wealth Partners LLC now owns 814 shares of the financial services provider’s stock worth $900,000 after buying an additional 25 shares in the last quarter. Finally, Savant Capital LLC bought a new stake in Texas Pacific Land during the 4th quarter worth about $221,000. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,443.29 on Friday. The company’s 50-day moving average price is $1,284.12 and its two-hundred day moving average price is $1,146.42. Texas Pacific Land Co. has a one year low of $493.40 and a one year high of $1,769.14. The stock has a market capitalization of $33.17 billion, a PE ratio of 74.05 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. Texas Pacific Land had a net margin of 65.34% and a return on equity of 40.57%. The firm had revenue of $185.78 million for the quarter.

Texas Pacific Land Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.60 per share. The ex-dividend date is Monday, March 3rd. This represents a $6.40 annualized dividend and a yield of 0.44%. Texas Pacific Land’s dividend payout ratio (DPR) is presently 32.84%.

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.