Texas Pacific Land Co. (NYSE:TPL) Shares Acquired by Wealthspire Advisors LLC

Wealthspire Advisors LLC boosted its holdings in Texas Pacific Land Co. (NYSE:TPL) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 794 shares of the financial services provider’s stock after purchasing an additional 46 shares during the quarter. Wealthspire Advisors LLC’s holdings in Texas Pacific Land were worth $878,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in shares of Texas Pacific Land in the 3rd quarter valued at about $25,000. Quest Partners LLC acquired a new position in Texas Pacific Land in the third quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Texas Pacific Land in the fourth quarter valued at approximately $66,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 purchasing an additional 12 shares during the last quarter. Finally, Signaturefd LLC raised its position 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 period. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

NYSE:TPL opened at $1,288.37 on Wednesday. The firm has a market capitalization of $29.61 billion, a P/E ratio of 65.33 and a beta of 1.68. The business has a 50 day simple moving average of $1,290.28 and a 200 day simple moving average of $1,162.41. Texas Pacific Land Co. has a 12-month low of $493.40 and a 12-month high of $1,769.14.

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

Texas Pacific Land Dividend Announcement

The business 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. The ex-dividend date is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 0.50%. Texas Pacific Land’s dividend payout ratio is presently 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.