Banco Bilbao Vizcaya Argentaria S.A. Acquires Shares of 387 Texas Pacific Land Co. (NYSE:TPL)

Banco Bilbao Vizcaya Argentaria S.A. bought a new position in Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 387 shares of the financial services provider’s stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also made changes to their positions in TPL. Syon Capital LLC purchased a new position in Texas Pacific Land in the 4th quarter worth about $231,000. MGO One Seven LLC increased its position in shares of Texas Pacific Land by 1.3% during the fourth quarter. MGO One Seven LLC now owns 13,924 shares of the financial services provider’s stock worth $15,400,000 after acquiring an additional 183 shares during the period. Pinebridge Investments L.P. raised its stake in shares of Texas Pacific Land by 125.7% during the fourth quarter. Pinebridge Investments L.P. now owns 7,812 shares of the financial services provider’s stock valued at $8,640,000 after acquiring an additional 4,351 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Texas Pacific Land by 943.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 121,055 shares of the financial services provider’s stock valued at $133,883,000 after purchasing an additional 109,455 shares during the period. Finally, Hsbc Holdings PLC grew its stake in Texas Pacific Land by 168.0% in the fourth quarter. Hsbc Holdings PLC now owns 25,308 shares of the financial services provider’s stock worth $28,035,000 after purchasing an additional 15,863 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.

Insider Activity 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 stock was sold at an average price of $1,313.99, for a total value of $281,193.86. Following the completion of the transaction, the chief financial officer now directly owns 3,502 shares of the company’s stock, valued at approximately $4,601,592.98. The trade was a 5.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Micheal W. Dobbs sold 1,150 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the sale, the vice president now directly owns 1,393 shares in the company, valued at approximately $1,771,227.36. The trade was a 45.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 90 shares of company stock valued at $117,505 over the last ninety days. 6.50% of the stock is owned by company insiders.

Texas Pacific Land Stock Up 1.3 %

Shares of NYSE TPL opened at $1,352.52 on Tuesday. Texas Pacific Land Co. has a twelve month low of $555.71 and a twelve month high of $1,769.14. The firm has a market cap of $31.09 billion, a PE ratio of 68.59 and a beta of 1.44. The business has a fifty day simple moving average of $1,305.89 and a two-hundred day simple moving average of $1,297.85.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings data 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 firm had revenue of $185.78 million during the quarter.

Texas Pacific Land Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.60 per share. 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 0.47%. Texas Pacific Land’s dividend payout ratio is presently 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.