Brown Brothers Harriman & Co. Purchases 51 Shares of Texas Pacific Land Co. (NYSE:TPL)

Brown Brothers Harriman & Co. raised its position in Texas Pacific Land Co. (NYSE:TPL) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,154 shares of the financial services provider’s stock after purchasing an additional 51 shares during the period. Brown Brothers Harriman & Co.’s holdings in Texas Pacific Land were worth $5,700,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of TPL. Caprock Group LLC increased its position in shares of 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 in the last quarter. Signaturefd LLC increased its holdings in shares of Texas Pacific Land by 11.1% in the fourth quarter. Signaturefd LLC now owns 100 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 10 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised 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 worth $76,000 after purchasing an additional 12 shares during the period. Glenmede Trust Co. NA lifted 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 purchasing an additional 13 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of Texas Pacific Land by 2.1% in the 4th quarter. M&T Bank Corp now owns 941 shares of the financial services provider’s stock valued at $1,041,000 after purchasing an additional 19 shares during the period. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Stock Performance

Shares of TPL stock opened at $1,307.86 on Friday. Texas Pacific Land Co. has a 52 week low of $555.71 and a 52 week high of $1,769.14. The company’s 50 day moving average price is $1,348.93 and its two-hundred day moving average price is $1,242.51. The company has a market capitalization of $30.06 billion, a P/E ratio of 66.32 and a beta of 1.69.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 EPS 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 company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.60 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.49%. Texas Pacific Land’s dividend payout ratio (DPR) is 32.45%.

Insider Transactions at Texas Pacific Land

In other news, CFO Chris Steddum sold 214 shares of the business’s 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 sale, the chief financial officer now owns 3,502 shares of the company’s stock, valued at $4,601,592.98. The trade was a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Micheal W. Dobbs sold 1,150 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the completion of the transaction, the vice president now directly owns 1,393 shares of the company’s stock, valued at approximately $1,771,227.36. This trade represents a 45.22 % decrease in their position. The disclosure for this sale can be found here. Insiders bought 68 shares of company stock valued at $91,008 over the last three months. Company insiders own 6.50% of the company’s stock.

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.