Transcend Capital Advisors LLC Has $614,000 Holdings in Texas Pacific Land Co. (NYSE:TPL)

Transcend Capital Advisors LLC cut its holdings in Texas Pacific Land Co. (NYSE:TPLFree Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 555 shares of the financial services provider’s stock after selling 17 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Texas Pacific Land were worth $614,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hilltop Holdings Inc. lifted 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 valued at $1,606,000 after acquiring an additional 1,350 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Texas Pacific Land by 63.5% during the third quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock valued at $2,634,000 after purchasing an additional 1,156 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Texas Pacific Land by 5.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock valued at $7,864,000 after purchasing an additional 431 shares during the period. Biltmore Family Office LLC acquired a new position in Texas Pacific Land during the 3rd quarter worth approximately $337,000. Finally, Everence Capital Management Inc. acquired a new position in Texas Pacific Land during the 4th quarter worth approximately $641,000. 59.94% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Stock Performance

TPL stock opened at $1,346.26 on Friday. Texas Pacific Land Co. has a fifty-two week low of $493.40 and a fifty-two week high of $1,769.14. The stock’s 50 day simple moving average is $1,287.07 and its 200 day simple moving average is $1,153.16. The company has a market cap of $30.94 billion, a P/E ratio of 68.27 and a beta of 1.68.

Texas Pacific Land (NYSE:TPLGet Free Report) last issued 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 return on equity of 40.23% and a net margin of 64.32%. The company had revenue of $185.78 million for the quarter.

Texas Pacific Land Announces Dividend

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

Texas Pacific Land Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Pacific Land (NYSE:TPL)

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