Pacer Advisors Inc. Has $19.27 Million Holdings in Texas Pacific Land Co. (NYSE:TPL)

Pacer Advisors Inc. lifted its holdings in Texas Pacific Land Co. (NYSE:TPL) by 68.9% in the 4th quarter, Holdings Channel reports. The firm owned 17,422 shares of the financial services provider’s stock after buying an additional 7,109 shares during the quarter. Pacer Advisors Inc.’s holdings in Texas Pacific Land were worth $19,268,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Sei Investments Co. raised its position in shares of Texas Pacific Land by 14.2% in the second quarter. Sei Investments Co. now owns 901 shares of the financial services provider’s stock valued at $662,000 after purchasing an additional 112 shares during the period. Bank of Montreal Can grew its stake in Texas Pacific Land by 21.6% in the 2nd quarter. Bank of Montreal Can now owns 6,419 shares of the financial services provider’s stock valued at $4,871,000 after buying an additional 1,141 shares during the last quarter. MBB Public Markets I LLC bought a new position in Texas Pacific Land in the 2nd quarter worth $977,000. The Manufacturers Life Insurance Company lifted its position in Texas Pacific Land by 188.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the financial services provider’s stock worth $12,097,000 after acquiring an additional 10,754 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Texas Pacific Land by 43.1% during the second quarter. Mackenzie Financial Corp now owns 1,096 shares of the financial services provider’s stock valued at $805,000 after acquiring an additional 330 shares during the period. Institutional investors own 59.94% of the company’s stock.

Insider Activity

In related news, CAO Stephanie Buffington sold 210 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total value of $291,549.30. Following the completion of the transaction, the chief accounting officer now directly owns 584 shares of the company’s stock, valued at $810,784.72. This trade represents a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 73 shares of company stock valued at $100,462. Insiders own 6.50% of the company’s stock.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,273.14 on Wednesday. Texas Pacific Land Co. has a 52 week low of $467.62 and a 52 week high of $1,769.14. The firm has a market capitalization of $29.26 billion, a PE ratio of 65.32 and a beta of 1.68. The business’s 50-day simple moving average is $1,321.19 and its 200-day simple moving average is $1,086.15.

Texas Pacific Land (NYSE:TPL) last issued its quarterly 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 return on equity of 40.57% and a net margin of 65.34%. During the same quarter last year, the firm earned $4.58 earnings per share.

Texas Pacific Land Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.50%. This is a positive change from Texas Pacific Land’s previous quarterly dividend of $1.17. The ex-dividend date of this dividend was Monday, December 2nd. Texas Pacific Land’s dividend payout ratio (DPR) is currently 32.84%.

Texas Pacific Land 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.