Private Advisor Group LLC Grows Position in Texas Pacific Land Co. (NYSE:TPL)

Private Advisor Group LLC boosted its stake in Texas Pacific Land Co. (NYSE:TPL) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,835 shares of the financial services provider’s stock after buying an additional 178 shares during the period. Private Advisor Group LLC’s holdings in Texas Pacific Land were worth $4,242,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hilltop Holdings Inc. boosted its position in shares of Texas Pacific Land by 290.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock worth $1,606,000 after purchasing an additional 1,350 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Texas Pacific Land by 63.5% in the 3rd quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock valued at $2,634,000 after buying an additional 1,156 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Texas Pacific Land by 5.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock worth $7,864,000 after acquiring an additional 431 shares in the last quarter. Biltmore Family Office LLC acquired a new position in Texas Pacific Land in the 3rd quarter valued at about $337,000. Finally, Everence Capital Management Inc. purchased a new stake in Texas Pacific Land during the fourth quarter worth about $641,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

NYSE TPL opened at $1,346.26 on Monday. Texas Pacific Land Co. has a one year low of $493.40 and a one year high of $1,769.14. The firm has a 50 day simple moving average of $1,287.07 and a 200-day simple moving average of $1,155.83. The firm has a market cap of $30.94 billion, a price-to-earnings ratio of 68.27 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%. The firm had revenue of $185.78 million for the quarter.

Texas Pacific Land Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s payout ratio is currently 32.45%.

Texas Pacific Land 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.