Swiss National Bank Reduces Position in Texas Pacific Land Co. (NYSE:TPL)

Swiss National Bank trimmed its holdings in Texas Pacific Land Co. (NYSE:TPL) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 55,251 shares of the financial services provider’s stock after selling 2,700 shares during the quarter. Swiss National Bank’s holdings in Texas Pacific Land were worth $61,105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. bought a new stake in shares of Texas Pacific Land in the fourth quarter worth approximately $29,000. Quest Partners LLC bought a new stake in Texas Pacific Land in the 3rd quarter worth approximately $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Texas Pacific Land during the 4th quarter valued at $66,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 valued at $76,000 after buying an additional 12 shares during the period. Finally, Sentry Investment Management LLC purchased a new position in shares of Texas Pacific Land in the 4th quarter worth $87,000. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,319.96 on Friday. Texas Pacific Land Co. has a one year low of $547.00 and a one year high of $1,769.14. The stock has a fifty day moving average of $1,343.50 and a 200 day moving average of $1,206.52. The stock has a market cap of $30.34 billion, a PE ratio of 66.93 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. The firm 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 Dividend Announcement

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