Charles Schwab Investment Management Inc. increased its stake in Texas Pacific Land Corporation (NYSE: TPL) by 2.1%, holding 183,485 shares valued at approximately $243.12 million. The firm acquired an additional 3,850 shares during the first quarter, bringing its total ownership to 183,485 shares. Charles Schwab now owns about 0.80% of Texas Pacific Land worth $243.116 million. Texas Pacific Land recently reported earnings of $5.05 per share, falling short of the consensus estimate of $5.48, with quarterly revenue of $187.54 million compared to expectations of $198 million. The company declared a quarterly dividend of $1.60, payable on September 16th, which translates to an annualized yield of 0.7% with a payout ratio of 31.90%. Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings by 4.9% in the first quarter, now owning 2,466,123 shares valued at $3.267 billion. GAMMA Investing LLC boosted its holdings by 241,048.0%, now owning 361,722 shares valued at $479.278 million. Northern Trust Corp increased its holdings by 21.8% in the fourth quarter, now owning 224,768 shares valued at $248.584 million. Schwartz Investment Counsel Inc. boosted its holdings by 0.4%, now owning 150,823 shares valued at $199.839 million. Price T Rowe Associates Inc. MD increased its holdings by 943.6% in the fourth quarter, now owning 121,055 shares valued at $133.883 million. 59.94% of the stock is owned by institutional investors. Texas Pacific Land's stock traded up 0.3% on Tuesday, reaching $857.47, with a trading volume of 3,157 shares, compared to its average volume of 137,601. The company's stock has a 12-month low of $766.51 and a 12-month high of $1,769.14. It has a market capitalization of $19.71 billion, a price-to-earnings ratio of 42.73, and a beta of 1.14. The firm has a 50-day moving average price of $1,026.45 and a 200-day moving average price of $1,213.16. Texas Pacific Land Corporation engages in land and resource management, and water services and operations. 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, totaling approximately 195,000 NRA located in the western part of Texas. The company's return on equity was 39.47% and net margin was 62.16% in the reported quarter. MarketBeat has identified that top analysts are quietly recommending certain stocks, but Texas Pacific Land currently has a Hold rating among analysts. The article notes that while Texas Pacific Land is not on the list of top analyst recommendations, investors may consider other stocks with stronger analyst sentiment.

Charles Schwab Investment Management Inc. Has $243.12 Million Holdings in Texas Pacific Land Corporation (NYSE:TPL)

Charles Schwab Investment Management Inc. increased its stake in Texas Pacific Land Corporation (NYSE: TPL) by 2.1% in the first quarter, holding 183,485 shares valued at $243.12 million, representing approximately 0.80% of the company. Texas Pacific Land reported earnings of $5.05 per share, below the consensus estimate of $5.48, with quarterly revenue of $187.54 million versus expectations of $198 million. The company declared a quarterly dividend of $1.60, resulting in an annualized yield of 0.7% and a payout ratio of 31.90%. Other major investors including Vanguard Group, GAMMA Investing LLC, Northern Trust Corp, Schwartz Investment Counsel Inc., and Price T Rowe Associates Inc. also adjusted their holdings. The stock traded at $857.47 on Tuesday, with a market capitalization of $19.71 billion, a P/E ratio of 42.73, and a beta of 1.14. The company operates in land and resource management, water services, and owns significant oil and gas royalty interests in western Texas. Analysts currently hold a 'Hold' rating on the stock, with no strong recommendations noted.