New York State Common Retirement Fund Reduces Holdings in Texas Pacific Land Co. (NYSE:TPL)

New York State Common Retirement Fund lowered its position in Texas Pacific Land Co. (NYSE:TPL) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,257 shares of the financial services provider’s stock after selling 1,000 shares during the period. New York State Common Retirement Fund owned 0.06% of Texas Pacific Land worth $15,768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Texas Pacific Land in the third quarter valued at about $25,000. Quest Partners LLC purchased a new stake in Texas Pacific Land during the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Texas Pacific Land in the 4th quarter valued at about $66,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Texas Pacific Land by 21.1% in the 4th 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 in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Texas Pacific Land by 16.9% during the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

NYSE:TPL opened at $1,346.26 on Monday. Texas Pacific Land Co. has a one year low of $493.40 and a one year high of $1,769.14. The stock has a market cap of $30.94 billion, a PE ratio of 68.27 and a beta of 1.68. The stock has a 50 day moving average price of $1,287.07 and a 200 day moving average price of $1,155.83.

Texas Pacific Land (NYSE:TPL) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. The business had revenue of $185.78 million during the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%.

Texas Pacific Land Dividend Announcement

The company 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 $1.60 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.48%. Texas Pacific Land’s dividend payout ratio (DPR) is 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.