Mitsubishi UFJ Asset Management Co. Ltd. Buys 9,680 Shares of Texas Pacific Land Corporation $TPL

Posted by Geri Gentry on Aug 20th, 2026

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Texas Pacific Land Corporation (NYSE:TPL – Free Report) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 140,771 shares of the financial services provider’s stock after purchasing an additional 9,680 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Texas Pacific Land worth $61,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Texas Pacific Land by 143.0% during the 1st quarter. Bank of America Corp DE now owns 264,740 shares of the financial services provider’s stock worth $125,635,000 after acquiring an additional 155,781 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Texas Pacific Land by 200.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,450 shares of the financial services provider’s stock valued at $2,714,000 after purchasing an additional 6,307 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Texas Pacific Land by 184.1% in the fourth quarter. New York State Teachers Retirement System now owns 38,841 shares of the financial services provider’s stock valued at $11,156,000 after purchasing an additional 25,170 shares during the last quarter. Schwartz Investment Counsel Inc. raised its holdings in shares of Texas Pacific Land by 209.7% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 475,104 shares of the financial services provider’s stock valued at $136,459,000 after purchasing an additional 321,683 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Texas Pacific Land by 152.6% in the fourth quarter. Comerica Bank now owns 8,087 shares of the financial services provider’s stock worth $2,323,000 after purchasing an additional 4,886 shares in the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Texas Pacific Land from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Texas Pacific Land in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $639.00.

Get Our Latest Stock Report on TPL

Texas Pacific Land Stock Up 2.1%

NYSE:TPL opened at $373.12 on Thursday. The firm has a market capitalization of $25.73 billion, a price-to-earnings ratio of 47.55 and a beta of 0.60. Texas Pacific Land Corporation has a twelve month low of $269.23 and a twelve month high of $547.20. The stock’s 50 day moving average price is $387.94 and its two-hundred day moving average price is $423.04.

Texas Pacific Land (NYSE:TPL – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $2.18 by $0.05. The company had revenue of $246.10 million during the quarter, compared to the consensus estimate of $249.50 million. Texas Pacific Land had a return on equity of 35.76% and a net margin of 60.32%. As a group, analysts anticipate that Texas Pacific Land Corporation will post 8.88 earnings per share for the current year.

Texas Pacific Land Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Pacific Land’s dividend payout ratio (DPR) is 30.57%.

Insider Buying and Selling at Texas Pacific Land

In other news, CFO Chris Steddum sold 3,170 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $400.25, for a total transaction of $1,268,792.50. Following the transaction, the chief financial officer directly owned 12,870 shares in the company, valued at $5,151,217.50. The trade was a 19.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.90% of the stock is owned by corporate insiders.

About Texas Pacific Land

(Free Report)

Texas Pacific Land Corporation (NYSE: TPL) is a Texas-based land management company that derives revenue from the ownership and stewardship of large tracts of land and associated mineral rights in West Texas. The company’s origins trace to 19th century land grants associated with the Texas and Pacific Railway; over time those grant holdings have been retained and managed as a standalone corporate asset base. Texas Pacific Land is publicly listed and operates as a landowner and resource manager rather than as a traditional oil and gas producer.

The company’s primary activities include management of surface rights and leasing of land for energy and other commercial uses, administration of mineral royalty interests, and provision of water and related services to industrial customers.