Sandbox Financial Partners LLC Boosts Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Sandbox Financial Partners LLC lifted its holdings in Texas Pacific Land Co. (NYSE:TPL) by 17.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,722 shares of the financial services provider’s stock after acquiring an additional 404 shares during the quarter. Texas Pacific Land makes up about 1.0% of Sandbox Financial Partners LLC’s holdings, making the stock its 23rd largest holding. Sandbox Financial Partners LLC’s holdings in Texas Pacific Land were worth $3,010,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPL. State Street Corp raised its stake in Texas Pacific Land by 3.8% in the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock worth $674,727,000 after buying an additional 27,884 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Texas Pacific Land by 21.5% in the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock worth $411,943,000 after acquiring an additional 81,974 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in shares of Texas Pacific Land during the 2nd quarter worth $131,014,000. Charles Schwab Investment Management Inc. boosted its position in Texas Pacific Land by 1.5% during the third 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Texas Pacific Land by 8.5% in the second quarter. Dimensional Fund Advisors LP now owns 126,156 shares of the financial services provider’s stock valued at $92,632,000 after purchasing an additional 9,878 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Pacific Land

In other news, CAO Stephanie Buffington sold 210 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the transaction, the chief accounting officer now owns 584 shares in the company, valued at $810,784.72. This represents a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have acquired 84 shares of company stock valued at $111,354. Corporate insiders own 6.50% of the company’s stock.

Texas Pacific Land Stock Performance

TPL stock opened at $1,409.30 on Friday. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $1,769.14. The firm has a market cap of $32.39 billion, a price-to-earnings ratio of 72.31 and a beta of 1.68. The firm has a 50-day simple moving average of $1,324.75 and a two-hundred day simple moving average of $1,054.60.

Texas Pacific Land Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $1.60 dividend. This is a positive change from Texas Pacific Land’s previous quarterly dividend of $1.17. This represents a $6.40 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, December 2nd. Texas Pacific Land’s payout ratio is currently 32.84%.

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.