Americana Partners LLC Invests $470,000 in Texas Pacific Land Co. (NYSE:TPL)

Americana Partners LLC purchased a new stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 425 shares of the financial services provider's stock, valued at approximately $470,000.

Other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC grew its stake in Texas Pacific Land by 3.0% in the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider's stock valued at $302,000 after buying an additional 8 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake 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 buying an additional 12 shares during the period. Signaturefd LLC lifted its stake in shares of 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 purchasing an additional 13 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Texas Pacific Land by 3.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider's stock valued at $390,000 after acquiring an additional 13 shares during the period. Finally, First Financial Bankshares Inc boosted its holdings in Texas Pacific Land by 2.2% in the third quarter. First Financial Bankshares Inc now owns 754 shares of the financial services provider's stock worth $667,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Up 2.7 %

TPL stock traded up $38.42 during mid-day trading on Thursday, reaching $1,443.29. 149,007 shares of the company traded hands, compared to its average volume of 124,937. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 74.05 and a beta of 1.68. The firm's 50 day moving average price is $1,284.12 and its 200 day moving average price is $1,146.42. Texas Pacific Land Co. has a fifty-two week low of $493.40 and a fifty-two week high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. The business 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 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 issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.84%.

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.