Janiczek Wealth Management LLC Purchases 83 Shares of Texas Pacific Land Co. (NYSE:TPL)

Janiczek Wealth Management LLC lifted its position in Texas Pacific Land Co. (NYSE:TPL) by 1,185.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 90 shares of the financial services provider’s stock after acquiring an additional 83 shares during the period. Janiczek Wealth Management LLC’s holdings in Texas Pacific Land were worth $52,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in Texas Pacific Land by 1,743.0% in the third quarter. FMR LLC now owns 8,054 shares of the financial services provider’s stock worth $14,687,000 after purchasing an additional 7,617 shares during the last quarter. Invesco Ltd. boosted its holdings in Texas Pacific Land by 68.4% during the 3rd quarter. Invesco Ltd. now owns 13,973 shares of the financial services provider’s stock valued at $25,481,000 after acquiring an additional 5,674 shares during the period. Mutual Advisors LLC grew its position in Texas Pacific Land by 6.8% in the 3rd quarter. Mutual Advisors LLC now owns 472 shares of the financial services provider’s stock valued at $862,000 after acquiring an additional 30 shares during the last quarter. CWM LLC increased its stake in Texas Pacific Land by 220.5% in the first quarter. CWM LLC now owns 141 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 97 shares during the period. Finally, Lagoda Investment Management L.P. lifted its position in shares of Texas Pacific Land by 1.9% during the third quarter. Lagoda Investment Management L.P. now owns 19,675 shares of the financial services provider’s stock worth $35,879,000 after purchasing an additional 369 shares during the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Down 1.6 %

Shares of TPL stock traded down $12.12 on Thursday, hitting $730.90. The stock had a trading volume of 48,573 shares, compared to its average volume of 108,472. Texas Pacific Land Co. has a one year low of $428.33 and a one year high of $799.46. The business has a 50 day moving average price of $637.58 and a 200 day moving average price of $567.00. The company has a market cap of $16.80 billion, a PE ratio of 38.87 and a beta of 1.59.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $4.97 EPS for the quarter, beating the consensus estimate of $4.58 by $0.39. Texas Pacific Land had a net margin of 65.74% and a return on equity of 43.16%. The business had revenue of $174.14 million during the quarter, compared to analyst estimates of $158.20 million. Equities research analysts expect that Texas Pacific Land Co. will post 21.2 EPS for the current year.

Texas Pacific Land Dividend Announcement

The business also recently announced a None dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a dividend of $10.00 per share. The ex-dividend date is Monday, July 1st. Texas Pacific Land’s dividend payout ratio is currently 24.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Texas Pacific Land from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. BWS Financial reiterated a “buy” rating and issued a $917.00 price target on shares of Texas Pacific Land in a report on Friday, May 10th.

About Texas Pacific Land

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.