1 week Ago By Defense World Staff
Thrivent Financial for Lutherans lowered its position in shares of Texas Pacific Land Co. (NYSE:TPL – Free Report) by 83.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 739 shares of the financial services provider’s stock after selling 3,688 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Texas Pacific Land were worth $817,000 at the end of the most recent quarter. Several other institutional investors have also recently added to or reduced their stakes in the company.
Hilltop Holdings Inc. grew its stake in shares of Texas Pacific Land by 290.3% during the third quarter.
Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock valued at $1,606,000 after purchasing an additional 1,350 shares during the last quarter. Quantinno Capital Management LP boosted its position in Texas Pacific Land by 63.
5% in the 3rd quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock valued at $2,634,000 after buying an additional 1,156 shares during the last quarter. Nomura Asset Management Co.
Ltd. boosted its position in Texas Pacific Land by 5.1% in the 3rd quarter.
Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock valued at $7,864,000 after buying an additional 431 shares during the last quarter.
Everence Capital Management Inc. acquired a new stake in shares of Texas Pacific Land in the 4th quarter valued at $641,000. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Texas Pacific Land during the fourth quarter worth $8,545,000.
59.94% of the stock is owned by institutional investors. Texas Pacific Land Price PerformanceShares of NYSE TPL opened at $1,391.
20 on Thursday. Texas Pacific Land Co. has a fifty-two week low of $555.
71 and a fifty-two week high of $1,769.14. The firm has a market capitalization of $31.
98 billion, a P/E ratio of 70.55 and a beta of 1.69.
The company’s 50 day simple moving average is $1,345.52 and its 200 day simple moving average is $1,254.25.
Texas Pacific Land (NYSE:TPL – Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (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 during the quarter. Texas Pacific Land Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Monday, March 17th.
Shareholders of record on Monday, March 3rd were paid a $1.60 dividend. The ex-dividend date was Monday, March 3rd.
This represents a $6.40 annualized dividend and a yield of 0.46%.
Texas Pacific Land’s payout ratio is currently 32.45%. Insiders Place Their BetsIn other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the company’s 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 transaction, the chief financial officer now directly owns 3,502 shares of the company’s stock, valued at $4,601,592.98. This represents a 5.
76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Micheal W.
Dobbs sold 1,150 shares of the stock in a transaction that occurred on 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 in the company, 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.
Insiders have acquired 69 shares of company stock valued at $92,626 in the last three months. 6.50% of the stock is currently owned by corporate insiders.
Texas Pacific Land Profile (Free Report)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.See AlsoFive stocks we like better than Texas Pacific LandFollowing Congress Stock TradesHomebuilders in Freefall: Bargain Opportunity or Falling Knife?Growth Stocks: What They Are, What They Are NotThe 3 Most Talked About Investments on WallStreetBets Right NowWhat is the Nasdaq? Complete Overview with HistoryAnalyst Targets Signal More Growth in CrowdStrike Stock.
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