Robeco Institutional Asset Management B.V. Decreases Holdings in Texas Pacific Land Co. (NYSE:TPL)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 9.0% in the third quarter, Holdings Channel reports. The firm owned 2,294 shares of the financial services provider’s stock after selling 226 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Texas Pacific Land were worth $2,030,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. American National Bank acquired a new position in Texas Pacific Land in the 2nd quarter worth $42,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Texas Pacific Land in the 2nd quarter worth $44,000. Compagnie Lombard Odier SCmA acquired a new position in Texas Pacific Land in the 3rd quarter worth $44,000. Signaturefd LLC lifted its holdings in Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after buying an additional 13 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in Texas Pacific Land by 200.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 144 shares of the financial services provider’s stock worth $83,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “buy” rating and issued a $917.00 price objective on shares of Texas Pacific Land in a report on Monday, August 12th.

Texas Pacific Land Price Performance

Shares of TPL stock opened at $1,374.06 on Friday. The firm has a market capitalization of $31.57 billion, a P/E ratio of 70.50 and a beta of 1.56. The company’s fifty day moving average price is $993.11 and its two-hundred day moving average price is $818.45. Texas Pacific Land Co. has a 12 month low of $467.62 and a 12 month high of $1,417.72.

Texas Pacific Land (NYSE:TPL) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.38). The company had revenue of $172.33 million during the quarter, compared to analyst estimates of $182.35 million. Texas Pacific Land had a net margin of 65.34% and a return on equity of 39.92%. During the same quarter last year, the company posted $4.35 EPS.

Texas Pacific Land Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, December 2nd. This is a positive change from Texas Pacific Land’s previous quarterly dividend of $1.17. Texas Pacific Land’s dividend payout ratio is 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.