Hosking Partners LLP Boosts Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Hosking Partners LLP lifted its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 28.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,039 shares of the financial services provider’s stock after purchasing an additional 2,436 shares during the period. Hosking Partners LLP’s holdings in Texas Pacific Land were worth $12,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. York GP Ltd. purchased a new position in Texas Pacific Land in the 4th quarter valued at about $101,859,000. Geode Capital Management LLC raised its stake in shares of Texas Pacific Land by 21.5% in the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after acquiring an additional 81,974 shares during the period. Proficio Capital Partners LLC acquired a new position in Texas Pacific Land during the 4th quarter worth approximately $31,802,000. State Street Corp grew its stake in Texas Pacific Land by 3.8% during the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock valued at $674,727,000 after purchasing an additional 27,884 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Texas Pacific Land during the 3rd quarter worth $12,928,000. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 0.5 %

NYSE:TPL opened at $1,358.59 on Friday. Texas Pacific Land Co. has a 52 week low of $493.40 and a 52 week high of $1,769.14. The stock has a 50 day moving average of $1,300.20 and a 200-day moving average of $1,165.06. The firm has a market capitalization of $31.23 billion, a PE ratio of 68.89 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 (EPS) for the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%. The firm had revenue of $185.78 million for the quarter.

Texas Pacific Land Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid 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 (DPR) is presently 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.