183 Shares in Texas Pacific Land Co. (NYSE:TPL) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 183 shares of the financial services provider’s stock, valued at approximately $202,000.

Several other large investors have also bought and sold shares of the company. Caprock Group LLC lifted its holdings in shares of Texas Pacific Land by 3.0% during the fourth quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 8 shares in the last quarter. Signaturefd LLC raised its position in Texas Pacific Land by 11.1% in the 4th quarter. Signaturefd LLC now owns 100 shares of the financial services provider’s stock worth $111,000 after buying an additional 10 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Texas Pacific Land by 21.1% during the 4th 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 period. Glenmede Trust Co. NA boosted its holdings in shares of Texas Pacific Land by 3.0% during 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 last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Texas Pacific Land by 2.1% during the 4th quarter. M&T Bank Corp now owns 941 shares of the financial services provider’s stock valued at $1,041,000 after acquiring an additional 19 shares during the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Micheal W. Dobbs sold 1,150 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the completion of the sale, the vice president now directly owns 1,393 shares in the company, valued at $1,771,227.36. This represents a 45.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Chris Steddum sold 214 shares of Texas Pacific Land stock in a transaction 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 owns 3,502 shares in the company, 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. Over the last three months, insiders have bought 69 shares of company stock valued at $92,626. Insiders own 6.50% of the company’s stock.

Texas Pacific Land Stock Up 2.8 %

TPL opened at $1,391.20 on Thursday. Texas Pacific Land Co. has a twelve month low of $555.71 and a twelve month high of $1,769.14. The firm has a 50 day moving average price of $1,345.52 and a 200-day moving average price of $1,254.25. The stock has a market capitalization of $31.98 billion, a price-to-earnings ratio of 70.55 and a beta of 1.69.

Texas Pacific Land (NYSE:TPL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. The business 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 company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Monday, March 3rd. Texas Pacific Land’s dividend payout ratio is 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.