1,295 Shares in Texas Pacific Land Co. (NYSE:TPL) Bought by Kentucky Retirement Systems

Kentucky Retirement Systems bought a new position in shares of Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,295 shares of the financial services provider’s stock, valued at approximately $1,432,000.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Texas Pacific Land during the 3rd quarter worth $25,000. Quest Partners LLC acquired a new position in shares of Texas Pacific Land in the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Texas Pacific Land in the 4th quarter valued at about $66,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Texas Pacific Land by 21.1% in 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 purchasing an additional 12 shares during the period. Finally, Signaturefd LLC lifted its stake 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 purchasing an additional 13 shares during the period. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,346.26 on Monday. The business’s 50-day moving average is $1,287.07 and its 200-day moving average is $1,155.83. Texas Pacific Land Co. has a 1 year low of $493.40 and a 1 year high of $1,769.14. The company has a market capitalization of $30.94 billion, a price-to-earnings ratio of 68.27 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings results 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 for the quarter.

Texas Pacific Land Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio 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.