Coldstream Capital Management Inc. Purchases 63 Shares of Texas Pacific Land Co. (NYSE:TPL)

Coldstream Capital Management Inc. lifted its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 26.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301 shares of the financial services provider’s stock after purchasing an additional 63 shares during the period. Coldstream Capital Management Inc.’s holdings in Texas Pacific Land were worth $333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in shares of Texas Pacific Land by 108.3% during the fourth quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 13 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Texas Pacific Land during the 4th quarter valued at $29,000. Atala Financial Inc bought a new stake in shares of Texas Pacific Land during the 4th quarter worth $31,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Texas Pacific Land by 45.5% in 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 during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Texas Pacific Land during the fourth quarter valued at about $66,000. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Performance

Shares of TPL stock opened at $1,310.53 on Friday. The firm has a market cap of $30.12 billion, a price-to-earnings ratio of 66.46 and a beta of 1.44. Texas Pacific Land Co. has a 52 week low of $558.00 and a 52 week high of $1,769.14. The firm’s 50-day simple moving average is $1,302.75 and its two-hundred day simple moving average is $1,299.68.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS 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 $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, March 3rd. Texas Pacific Land’s dividend payout ratio (DPR) is currently 32.45%.

Insider Activity at Texas Pacific Land

In related news, VP Micheal W. Dobbs sold 1,150 shares of Texas Pacific Land stock in a transaction that occurred on 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Chris Steddum sold 214 shares of the 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 sale, the chief financial officer now owns 3,502 shares in the company, valued at approximately $4,601,592.98. This represents a 5.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 94 shares of company stock worth $122,851. Company insiders own 6.50% of the company’s stock.

Texas Pacific Land 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.