Securian Asset Management Inc. Has $1.13 Million Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Securian Asset Management Inc. lessened its holdings in Texas Pacific Land Co. (NYSE:TPL) by 31.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,023 shares of the financial services provider’s stock after selling 463 shares during the quarter. Securian Asset Management Inc.’s holdings in Texas Pacific Land were worth $1,131,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hilltop Holdings Inc. boosted its holdings in shares of Texas Pacific Land by 290.3% in the 3rd 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 in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of 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 purchasing an additional 1,156 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Texas Pacific Land by 5.1% during 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 acquiring an additional 431 shares in the last quarter. Biltmore Family Office LLC acquired a new stake in shares of Texas Pacific Land during the 3rd quarter valued at $337,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Texas Pacific Land during the 4th quarter valued at $641,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 5.2 %

NYSE TPL opened at $1,319.96 on Friday. Texas Pacific Land Co. has a twelve month low of $547.00 and a twelve month high of $1,769.14. The company has a market cap of $30.34 billion, a price-to-earnings ratio of 66.93 and a beta of 1.68. The business’s fifty day moving average is $1,343.50 and its 200 day moving average is $1,204.10.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%. The company had revenue of $185.78 million for the quarter.

Texas Pacific Land Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio (DPR) is 32.45%.

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.