Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI reduced its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,538 shares of the financial services provider’s stock after selling 897 shares during the quarter. Texas Pacific Land accounts for 1.7% of Arcadia Investment Management Corp MI’s investment portfolio, making the stock its 19th biggest holding. Arcadia Investment Management Corp MI’s holdings in Texas Pacific Land were worth $10,549,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of 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 buying an additional 27,884 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Texas Pacific Land by 21.5% during 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 purchasing an additional 81,974 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Pacific Land by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,418 shares of the financial services provider’s stock valued at $120,694,000 after purchasing an additional 1,984 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in Texas Pacific Land by 3.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider’s stock worth $87,764,000 after purchasing an additional 3,363 shares in the last quarter. Finally, York GP Ltd. acquired a new position in Texas Pacific Land during the fourth quarter worth $101,859,000. 59.94% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,443.29 on Friday. The stock has a market capitalization of $33.17 billion, a P/E ratio of 73.19 and a beta of 1.68. The business has a 50-day moving average of $1,284.12 and a two-hundred day moving average of $1,146.42. Texas Pacific Land Co. has a fifty-two week low of $493.40 and a fifty-two week high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last posted its 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 40.28% and a net margin of 64.32%. The firm had revenue of $185.78 million during the quarter.

Texas Pacific Land Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio is currently 32.45%.

Texas Pacific Land Company 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.