Verition Fund Management LLC Buys 143 Shares of Texas Pacific Land Co. (NYSE:TPL)

Verition Fund Management LLC raised its stake in shares of Texas Pacific Land Co. (NYSE:TPLGet Rating) by 12.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,321 shares of the financial services provider’s stock after acquiring an additional 143 shares during the period. Verition Fund Management LLC’s holdings in Texas Pacific Land were worth $1,786,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Prospera Financial Services Inc purchased a new stake in shares of Texas Pacific Land during the 1st quarter valued at $27,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Texas Pacific Land during the 1st quarter valued at $43,000. Federated Hermes Inc. purchased a new stake in shares of Texas Pacific Land during the 1st quarter valued at $68,000. Herold Advisors Inc. purchased a new stake in shares of Texas Pacific Land during the 1st quarter valued at $81,000. Finally, Arlington Partners LLC increased its position in shares of Texas Pacific Land by 18.5% during the 1st quarter. Arlington Partners LLC now owns 64 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 10 shares during the last quarter. 57.62% of the stock is currently owned by institutional investors.

Texas Pacific Land Price Performance

Shares of Texas Pacific Land stock opened at $1,773.10 on Monday. The stock has a fifty day moving average price of $1,757.05 and a 200-day moving average price of $1,556.04. Texas Pacific Land Co. has a 1 year low of $946.29 and a 1 year high of $1,899.01. The firm has a market cap of $13.69 billion, a PE ratio of 36.16 and a beta of 1.99.

Texas Pacific Land Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 8th were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Wednesday, September 7th. Texas Pacific Land’s payout ratio is presently 24.47%.

About Texas Pacific Land

(Get Rating)

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages approximately 880,000 acres of land. This segment also holds own 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 located in the western part of Texas.

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Institutional Ownership by Quarter for Texas Pacific Land (NYSE:TPL)

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