Exencial Wealth Advisors LLC Invests $219,000 in Texas Pacific Land Co. (NYSE:TPL)

Exencial Wealth Advisors LLC purchased a new stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 198 shares of the financial services provider's stock, valued at approximately $219,000.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake in Texas Pacific Land by 3.8% in the third quarter. State Street Corp now owns 762,627 shares of the financial services provider's stock worth $674,727,000 after purchasing an additional 27,884 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Texas Pacific Land by 21.5% in the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider's stock valued at $411,943,000 after acquiring an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Pacific Land by 31.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider's stock valued at $198,669,000 after acquiring an additional 43,217 shares during the period. Douglass Winthrop Advisors LLC boosted its holdings in Texas Pacific Land by 3.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider's stock valued at $87,764,000 after acquiring an additional 3,363 shares during the period. Finally, York GP Ltd. bought a new position in Texas Pacific Land during the 4th quarter worth approximately $101,859,000. Hedge funds and other institutional investors own 59.94% of the company's stock.

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Texas Pacific Land Stock Down 3.0 %

Shares of Texas Pacific Land stock traded down $40.80 on Monday, hitting $1,333.95. The stock had a trading volume of 154,028 shares, compared to its average volume of 130,576. The stock's 50-day simple moving average is $1,326.06 and its two-hundred day simple moving average is $1,192.68. Texas Pacific Land Co. has a one year low of $503.08 and a one year high of $1,769.14. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 67.64 and a beta of 1.69.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted 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 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 annualized dividend and a yield of 0.48%. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.45%.

Texas Pacific Land Company 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.