Texas Pacific Land Corporation $TPL Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC reduced its stake in Texas Pacific Land Corporation (NYSE:TPL) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,927 shares of the financial services provider’s stock after selling 60 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Texas Pacific Land were worth $2,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPL. Allworth Financial LP boosted its stake in shares of Texas Pacific Land by 42.1% during the 1st quarter. Allworth Financial LP now owns 27 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 8 shares during the last quarter. Riversedge Advisors LLC boosted its position in Texas Pacific Land by 2.2% during the first quarter. Riversedge Advisors LLC now owns 370 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 8 shares during the last quarter. Hemington Wealth Management grew its stake in Texas Pacific Land by 66.7% in the 1st quarter. Hemington Wealth Management now owns 20 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 8 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Texas Pacific Land by 0.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,093 shares of the financial services provider’s stock valued at $2,773,000 after acquiring an additional 9 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in shares of Texas Pacific Land by 5.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 211 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 59.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Pacific Land in a research report on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Texas Pacific Land Stock Up 1.0%

NYSE:TPL opened at $936.25 on Friday. The company has a market cap of $21.52 billion, a P/E ratio of 46.67 and a beta of 1.12. The firm’s 50 day moving average is $916.27 and its two-hundred day moving average is $1,074.55. Texas Pacific Land Corporation has a fifty-two week low of $845.56 and a fifty-two week high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.48 by ($0.43). The firm had revenue of $187.54 million for the quarter, compared to analyst estimates of $198.00 million. Texas Pacific Land had a return on equity of 39.47% and a net margin of 62.16%.

Texas Pacific Land Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Pacific Land’s payout ratio is currently 31.90%.

Insider Buying and Selling at Texas Pacific Land

In other news, Director Eric L. Oliver bought 100 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was acquired at an average price of $881.27 per share, for a total transaction of $88,127.00. Following the acquisition, the director owned 393,600 shares of the company’s stock, valued at $346,867,872. This trade represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.90% of the stock is owned by corporate insiders.

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.