Bank Julius Baer & Co. Ltd Zurich Takes Position in Texas Pacific Land Co. (NYSE:TPL)

Bank Julius Baer & Co. Ltd Zurich bought a new stake in Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the financial services provider’s stock, valued at approximately $3,318,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TPL. Capital Performance Advisors LLP purchased a new position in shares of Texas Pacific Land in the 3rd quarter valued at approximately $25,000. Assetmark Inc. purchased a new position in Texas Pacific Land during the fourth quarter valued at $29,000. Quest Partners LLC purchased a new position in Texas Pacific Land during the third quarter valued at $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Texas Pacific Land during the fourth quarter valued at $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Texas Pacific Land by 21.1% during the fourth 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 last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 5.5 %

Shares of NYSE:TPL opened at $1,376.19 on Monday. The stock has a fifty day simple moving average of $1,326.06 and a two-hundred day simple moving average of $1,192.68. The stock has a market capitalization of $31.63 billion, a price-to-earnings ratio of 69.79 and a beta of 1.69. Texas Pacific Land Co. has a 12-month low of $503.08 and a 12-month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last announced its quarterly earnings data 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s payout ratio 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.