Nelson Capital Management LLC Buys Shares of 1,815 Texas Pacific Land Co. (NYSE:TPL)

Nelson Capital Management LLC bought a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,815 shares of the financial services provider’s stock, valued at approximately $2,007,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TPL. Capital Performance Advisors LLP acquired a new position in shares of Texas Pacific Land during the 3rd quarter valued at $25,000. Quest Partners LLC acquired a new position in Texas Pacific Land in the 3rd quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land during the 4th quarter valued at about $66,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Texas Pacific Land by 21.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after buying an additional 12 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after buying an additional 13 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Trading Down 0.4 %

Shares of NYSE:TPL opened at $1,288.37 on Wednesday. The business’s 50 day moving average is $1,290.28 and its 200-day moving average is $1,162.41. The firm has a market capitalization of $29.61 billion, a PE ratio of 65.33 and a beta of 1.68. Texas Pacific Land Co. has a 1-year low of $493.40 and a 1-year high of $1,769.14.

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

Texas Pacific Land Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio is presently 32.45%.

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.