Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Amundi

Amundi reduced its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 0.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 70,190 shares of the financial services provider’s stock after selling 81 shares during the quarter. Amundi’s holdings in Texas Pacific Land were worth $77,627,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Caprock Group LLC boosted its stake in shares of Texas Pacific Land by 3.0% during the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 8 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 worth $76,000 after purchasing an additional 12 shares during the last quarter. Glenmede Trust Co. NA boosted its stake 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 worth $390,000 after purchasing an additional 13 shares during the last quarter. M&T Bank Corp lifted 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 worth $1,041,000 after acquiring an additional 19 shares during the period. Finally, Peloton Wealth Strategists lifted its holdings in shares of Texas Pacific Land by 1.8% during 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 period. 59.94% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Price Performance

Shares of TPL stock opened at $1,326.99 on Wednesday. The firm has a market cap of $30.50 billion, a P/E ratio of 67.29 and a beta of 1.68. Texas Pacific Land Co. has a 1-year low of $509.39 and a 1-year high of $1,769.14. The firm’s 50-day simple moving average is $1,335.01 and its 200-day simple moving average is $1,199.52.

Texas Pacific Land (NYSE:TPL) last announced its quarterly earnings data 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 for 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued 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 0.48%. Texas Pacific Land’s payout ratio is currently 32.45%.

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.