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Victory Capital Management Inc. Buys 5,042 Shares of Texas Pacific Land Corporation $TPL
Victory Capital Management Inc. increased its stake in Texas Pacific Land Corporation (NYSE:TPL) by 67.4% in the third quarter, purchasing an additional 5,042 shares to bring its total holding to 12,527 shares valued at approximately $11.70 million. The financial services provider reported strong Q3 earnings, beating analyst expectations with $1.79 EPS and $211.6 million in revenue, and has since increased its quarterly dividend to $0.60 per share. Institutional investors own nearly 60% of the company’s stock, and recent insider transactions include a director’s purchase of 895 shares and the CAO’s sale of 1,608 shares.