Texas Pacific Land Corporation (NYSE:TPL) is Fielder Capital Group LLC’s Largest Position

Fielder Capital Group LLC lifted its stake in Texas Pacific Land Corporation (NYSE:TPL) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,885 shares of the financial services provider’s stock after purchasing an additional 22 shares during the period. Texas Pacific Land accounts for about 4.9% of Fielder Capital Group LLC’s investment portfolio, making the stock its biggest holding. Fielder Capital Group LLC’s holdings in Texas Pacific Land were worth $17,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Texas Pacific Land by 19.9% in the 4th quarter. JPMorgan Chase & Co. now owns 40,670 shares of the financial services provider’s stock worth $44,979,000 after acquiring an additional 6,747 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Texas Pacific Land by 173.6% in the 4th quarter. Toronto Dominion Bank now owns 6,364 shares of the financial services provider’s stock worth $7,038,000 after acquiring an additional 4,038 shares in the last quarter. Spring Capital Management LLC bought a new position in shares of Texas Pacific Land in the 1st quarter worth about $5,008,000. ProShare Advisors LLC increased its stake in shares of Texas Pacific Land by 347.0% in the 4th quarter. ProShare Advisors LLC now owns 3,670 shares of the financial services provider’s stock worth $4,059,000 after acquiring an additional 2,849 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Texas Pacific Land by 320.0% in the 1st quarter. Bessemer Group Inc. now owns 105 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 80 shares in the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Texas Pacific Land Price Performance

Shares of Texas Pacific Land stock opened at $979.33 on Monday. The company has a 50-day moving average of $1,097.61 and a 200 day moving average of $1,246.72. The firm has a market cap of $22.51 billion, a price-to-earnings ratio of 48.99 and a beta of 1.08. Texas Pacific Land Corporation has a 1 year low of $736.75 and a 1 year high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.27 by ($0.03). The business had revenue of $195.98 million during the quarter, compared to the consensus estimate of $211.00 million. Texas Pacific Land had a return on equity of 40.04% and a net margin of 63.24%.

Texas Pacific Land Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.60 per share. The ex-dividend date was Monday, June 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 0.65%. Texas Pacific Land’s dividend payout ratio is currently 32.02%.

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.