MAY 23·MarketBeat▲
Resona Asset Management Co. Ltd. Acquires 11,791 Shares of Texas Pacific Land Corporation $TPL
Resona Asset Management Co. Ltd. significantly increased its stake in Texas Pacific Land Corporation by 187.9% in the fourth quarter, acquiring an additional 11,791 shares and bringing its total holdings to 18,066 shares valued at $5.21 million. Other institutional investors also boosted their positions in the company, which recently reported strong quarterly earnings of $2.07 per share, beating estimates, and declared a quarterly dividend of $0.60 per share. Insiders also made transactions, with CAO Stephanie Buffington selling shares and Director Donna E. Epps purchasing shares, while analysts have issued generally positive ratings for the stock.
MAY 23·MarketBeat▲
HighTower Advisors LLC Has $28.61 Million Stake in Texas Pacific Land Corporation $TPL
HighTower Advisors LLC significantly increased its stake in Texas Pacific Land Corporation (NYSE:TPL) by 214.9% in the fourth quarter, now holding 99,611 shares valued at $28.61 million. The company reported better-than-expected Q4 earnings and revenue, and analysts have a "Moderate Buy" consensus with an average price target of $639. Texas Pacific Land also declared a quarterly dividend of $0.60 per share.