Sustainable Insight Capital Management LLC Makes New $332,000 Investment in Texas Pacific Land Co. (NYSE:TPL)

Sustainable Insight Capital Management LLC bought a new position in Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 300 shares of the financial services provider’s stock, valued at approximately $332,000.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Texas Pacific Land in the 3rd quarter valued at $25,000. Compagnie Lombard Odier SCmA bought a new position in Texas Pacific Land in the third quarter valued at about $44,000. Quest Partners LLC acquired a new stake in Texas Pacific Land in the third quarter worth about $50,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Texas Pacific Land by 21.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 12 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Texas Pacific Land by 16.9% during the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 13 shares during the period. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of Texas Pacific Land stock in a transaction dated Tuesday, November 12th. The stock was 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 directly owns 584 shares in the company, valued at approximately $810,784.72. The trade was a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased a total of 77 shares of company stock valued at $104,384 in the last ninety days. 6.50% of the stock is owned by insiders.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,404.90 on Friday. The stock has a market cap of $32.28 billion, a price-to-earnings ratio of 72.08 and a beta of 1.68. The company has a 50 day moving average of $1,326.98 and a 200-day moving average of $1,070.88. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $4.63 EPS for the quarter. The company had revenue of $173.56 million during the quarter. Texas Pacific Land had a net margin of 65.34% and a return on equity of 40.57%. During the same quarter in the previous year, the firm posted $4.58 EPS.

Texas Pacific Land Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $1.60 per share. 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 dividend yield of 0.46%. The ex-dividend date was Monday, December 2nd. Texas Pacific Land’s payout ratio is presently 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.