343 Shares in Texas Pacific Land Co. (NYSE:TPL) Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC bought a new stake in Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 343 shares of the financial services provider’s stock, valued at approximately $380,000.

Several other large investors have also modified their holdings of the business. Caprock Group LLC raised its holdings in Texas Pacific Land by 3.0% in the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock valued at $302,000 after buying an additional 8 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of 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 acquiring an additional 12 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Texas Pacific Land by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 13 shares during the period. Peloton Wealth Strategists lifted its holdings in shares of Texas Pacific Land by 1.8% in the 3rd 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 last quarter. Finally, Mutual Advisors LLC boosted its position in shares of Texas Pacific Land by 1.1% during the 4th quarter. Mutual Advisors LLC now owns 2,144 shares of the financial services provider’s stock worth $2,371,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,376.19 on Friday. The company has a market capitalization of $31.63 billion, a PE ratio of 69.79 and a beta of 1.69. Texas Pacific Land Co. has a fifty-two week low of $503.08 and a fifty-two week high of $1,769.14. The firm has a 50 day moving average price of $1,321.43 and a 200 day moving average price of $1,183.82.

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

Texas Pacific Land Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.47%. 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.