Axa S.A. Has $4.35 Million Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Axa S.A. grew its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 272.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,926 shares of the financial services provider’s stock after purchasing an additional 4,333 shares during the period. Axa S.A.’s holdings in Texas Pacific Land were worth $4,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TPL. Toronto Dominion Bank increased its position in Texas Pacific Land by 52.2% in the 2nd quarter. Toronto Dominion Bank now owns 2,480 shares of the financial services provider’s stock valued at $1,821,000 after buying an additional 851 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Texas Pacific Land by 70.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,745 shares of the financial services provider’s stock valued at $2,750,000 after acquiring an additional 1,549 shares in the last quarter. Bank of Montreal Can raised its position in shares of Texas Pacific Land by 21.6% during the second quarter. Bank of Montreal Can now owns 6,419 shares of the financial services provider’s stock worth $4,871,000 after purchasing an additional 1,141 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Texas Pacific Land by 9.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,178 shares of the financial services provider’s stock worth $865,000 after purchasing an additional 101 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in Texas Pacific Land by 1.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,697 shares of the financial services provider’s stock valued at $1,980,000 after purchasing an additional 51 shares during the period. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 1.5 %

Shares of Texas Pacific Land stock opened at $887.08 on Monday. The stock has a fifty day simple moving average of $835.81 and a 200 day simple moving average of $712.98. Texas Pacific Land Co. has a 12-month low of $467.62 and a 12-month high of $959.50. The company has a market capitalization of $20.39 billion, a P/E ratio of 47.16 and a beta of 1.60.

Texas Pacific Land (NYSE:TPL) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $4.98 EPS for the quarter, missing the consensus estimate of $5.36 by ($0.38). Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. The firm had revenue of $172.33 million during the quarter, compared to analysts’ expectations of $182.35 million. During the same quarter in the prior year, the company earned $4.35 EPS.

Texas Pacific Land Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $1.17 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $4.68 annualized dividend and a dividend yield of 0.53%. Texas Pacific Land’s dividend payout ratio is currently 24.88%.

Analysts Set New Price Targets

TPL has been the topic of a number of recent research reports. StockNews.com lowered shares of Texas Pacific Land from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. BWS Financial reaffirmed a “buy” rating and issued a $917.00 price target on shares of Texas Pacific Land in a research report on Monday, August 12th.

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.