Texas Pacific Land Co. (NYSE:TPL) Shares Purchased by MGO One Seven LLC

MGO One Seven LLC raised its position in Texas Pacific Land Co. (NYSE:TPL) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,924 shares of the financial services provider’s stock after buying an additional 183 shares during the quarter. Texas Pacific Land comprises about 0.6% of MGO One Seven LLC’s holdings, making the stock its 25th largest position. MGO One Seven LLC owned approximately 0.06% of Texas Pacific Land worth $15,400,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in Texas Pacific Land by 108.3% during the fourth quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 13 shares in the last quarter. Assetmark Inc. acquired a new position in Texas Pacific Land during the 4th quarter worth approximately $29,000. Atala Financial Inc acquired a new position in Texas Pacific Land during the 4th quarter worth approximately $31,000. TD Waterhouse Canada Inc. raised its stake in shares of Texas Pacific Land by 45.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 48 shares of the financial services provider’s stock worth $53,000 after buying an additional 15 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land in the 4th quarter valued at approximately $66,000. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Chris Steddum sold 214 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total value of $281,193.86. Following the sale, the chief financial officer now directly owns 3,502 shares in the company, valued at $4,601,592.98. The trade was a 5.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Micheal W. Dobbs sold 1,150 shares of Texas Pacific Land stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the transaction, the vice president now owns 1,393 shares of the company’s stock, 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. Over the last ninety days, insiders have bought 86 shares of company stock worth $112,203. 6.50% of the stock is owned by corporate insiders.

Texas Pacific Land Stock Performance

Shares of NYSE TPL opened at $1,310.01 on Wednesday. The company’s fifty day moving average is $1,310.05 and its two-hundred day moving average is $1,286.34. The firm has a market capitalization of $30.11 billion, a P/E ratio of 66.43 and a beta of 1.44. Texas Pacific Land Co. has a one year low of $555.71 and a one year high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued 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 net margin of 64.32% and a return on equity of 40.23%. The company had revenue of $185.78 million for the quarter.

Texas Pacific Land Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.60 per share. The ex-dividend date was Monday, March 3rd. This represents a $6.40 annualized dividend and a yield of 0.49%. 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.