Texas Pacific Land Trust (TPL) Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Texas Pacific Land Trust (NYSE:TPL) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,993 shares of the financial services provider’s stock after selling 111 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.17% of Texas Pacific Land Trust worth $5,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arlington Partners LLC purchased a new stake in Texas Pacific Land Trust in the 4th quarter worth $1,608,000. Janney Montgomery Scott LLC purchased a new stake in Texas Pacific Land Trust in the 3rd quarter worth $292,000. Lagoda Investment Management L.P. increased its holdings in Texas Pacific Land Trust by 102.7% in the 3rd quarter. Lagoda Investment Management L.P. now owns 19,930 shares of the financial services provider’s stock worth $8,054,000 after acquiring an additional 10,097 shares in the last quarter. EagleClaw Capital Managment LLC increased its holdings in Texas Pacific Land Trust by 52.8% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 8,505 shares of the financial services provider’s stock worth $3,423,000 after acquiring an additional 2,940 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Texas Pacific Land Trust by 1.9% in the 4th quarter. Swiss National Bank now owns 10,817 shares of the financial services provider’s stock worth $4,831,000 after acquiring an additional 200 shares in the last quarter. 39.66% of the stock is owned by institutional investors.

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Separately, ValuEngine raised shares of Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.

Shares of NYSE TPL opened at $511.00 on Friday. The firm has a market capitalization of $4,052.71, a P/E ratio of 50.29 and a beta of 1.05. Texas Pacific Land Trust has a one year low of $276.28 and a one year high of $569.99.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $2.92 EPS for the quarter. The company had revenue of $38.32 million during the quarter. Texas Pacific Land Trust had a net margin of 63.97% and a return on equity of 135.47%.

The business also recently declared an annual dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 9th were issued a $1.05 dividend. This represents a yield of 0.21%. The ex-dividend date was Thursday, March 8th. This is a positive change from Texas Pacific Land Trust’s previous annual dividend of $0.35.

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Texas Pacific Land Trust Profile

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

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

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