Compagnie Lombard Odier SCmA Invests $44,000 in Texas Pacific Land Co. (NYSE:TPL)

Compagnie Lombard Odier SCmA acquired a new stake in Texas Pacific Land Co. (NYSE:TPL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 50 shares of the financial services provider’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its stake in shares of Texas Pacific Land by 200.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 45 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 30 shares during the period. GAMMA Investing LLC boosted its position in Texas Pacific Land by 315.4% during the first quarter. GAMMA Investing LLC now owns 54 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 41 shares during the period. American National Bank purchased a new position in shares of Texas Pacific Land in the second quarter worth about $42,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Pacific Land in the second quarter valued at approximately $44,000. Finally, IFS Advisors LLC raised its position in shares of Texas Pacific Land by 200.0% in the first quarter. IFS Advisors LLC now owns 66 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 44 shares during the period. 59.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Texas Pacific Land Trading Up 5.6 %

Shares of Texas Pacific Land stock opened at $1,058.42 on Monday. The company’s 50-day moving average price is $866.85 and its 200-day moving average price is $741.53. Texas Pacific Land Co. has a 12-month low of $467.62 and a 12-month high of $1,070.23. The company has a market cap of $24.32 billion, a price-to-earnings ratio of 54.45 and a beta of 1.60.

Texas Pacific Land (NYSE:TPL) last announced its quarterly 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). The firm had revenue of $172.33 million during the quarter, compared to the consensus estimate of $182.35 million. Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. During the same period in the previous year, the business earned $4.35 earnings per share.

Texas Pacific Land Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, September 3rd. Texas Pacific Land’s payout ratio is 24.07%.

Texas Pacific Land Company 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.