Savant Capital LLC purchased a new stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 200 shares of the financial services provider's stock, valued at approximately $221,000.
A number of other hedge funds have also recently bought and sold shares of TPL. Capital Performance Advisors LLP bought a new stake in shares of Texas Pacific Land in the 3rd quarter worth approximately $25,000. Quest Partners LLC purchased a new position in shares of Texas Pacific Land in the third quarter worth approximately $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land during the fourth quarter valued at approximately $66,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Texas Pacific Land by 21.1% in 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 in the last quarter. Finally, Signaturefd LLC raised its position in Texas Pacific Land by 16.9% during the third 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 period. 59.94% of the stock is owned by institutional investors and hedge funds.
Texas Pacific Land Price Performance
Texas Pacific Land stock traded up $38.42 during mid-day trading on Thursday, hitting $1,443.29. The company's stock had a trading volume of 149,007 shares, compared to its average volume of 124,937. The company has a market cap of $33.17 billion, a PE ratio of 74.05 and a beta of 1.68. The firm's 50 day moving average is $1,284.12 and its 200 day moving average is $1,146.42. Texas Pacific Land Co. has a 52-week low of $493.40 and a 52-week high of $1,769.14.
Texas Pacific Land (NYSE:TPL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. The company had revenue of $185.78 million during the quarter. Texas Pacific Land had a net margin of 65.34% and a return on equity of 40.57%.
Texas Pacific Land Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.84%.
About Texas Pacific Land
(
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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