Chicago Partners Investment Group LLC Purchases 35 Shares of Texas Pacific Land Co. (NYSE:TPL)

Chicago Partners Investment Group LLC lifted its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 444 shares of the financial services provider’s stock after buying an additional 35 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Texas Pacific Land were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Texas Pacific Land by 16.9% during the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 13 shares during the last quarter. First Financial Bankshares Inc lifted its stake in shares of Texas Pacific Land by 2.2% during the 3rd quarter. First Financial Bankshares Inc now owns 754 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 16 shares during the last quarter. BOKF NA lifted its stake in shares of Texas Pacific Land by 1.1% during the 2nd quarter. BOKF NA now owns 1,571 shares of the financial services provider’s stock worth $1,154,000 after purchasing an additional 17 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Texas Pacific Land by 2.9% during the 2nd quarter. CIBC Asset Management Inc now owns 756 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 21 shares during the last quarter. Finally, Accordant Advisory Group Inc lifted its stake in shares of Texas Pacific Land by 1.9% during the 2nd quarter. Accordant Advisory Group Inc now owns 1,382 shares of the financial services provider’s stock worth $1,015,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 59.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and set a $917.00 price objective on shares of Texas Pacific Land in a research note on Monday, August 12th.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,207.58 on Tuesday. The stock has a 50-day moving average of $949.96 and a two-hundred day moving average of $794.97. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $1,240.05. The stock has a market cap of $27.75 billion, a PE ratio of 62.12 and a beta of 1.56.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.98 EPS for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.38). Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. The business had revenue of $172.33 million during the quarter, compared to analysts’ expectations of $182.35 million. During the same quarter last year, the business posted $4.35 earnings per share.

Texas Pacific Land Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Tuesday, September 3rd. Texas Pacific Land’s dividend payout ratio (DPR) is presently 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.