210 Shares in Texas Pacific Land Co. (NYSE:TPL) Bought by Kendall Capital Management

Kendall Capital Management purchased a new stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 210 shares of the financial services provider's stock, valued at approximately $232,000.

Several other institutional investors also recently modified their holdings of the stock. Caprock Group LLC increased its holdings in shares of Texas Pacific Land by 3.0% in the fourth 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased 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 buying an additional 12 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Texas Pacific Land by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider's stock valued at $390,000 after buying an additional 13 shares in the last quarter. M&T Bank Corp grew its position in Texas Pacific Land by 2.1% during the 4th quarter. M&T Bank Corp now owns 941 shares of the financial services provider's stock worth $1,041,000 after purchasing an additional 19 shares in the last quarter. Finally, Peloton Wealth Strategists grew its position in Texas Pacific Land by 1.8% during the 3rd quarter. Peloton Wealth Strategists now owns 1,271 shares of the financial services provider's stock worth $1,125,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 59.94% of the company's stock.

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Texas Pacific Land Price Performance

NYSE TPL traded up $22.04 on Wednesday, hitting $1,349.47. 97,163 shares of the stock were exchanged, compared to its average volume of 129,791. Texas Pacific Land Co. has a 52-week low of $529.03 and a 52-week high of $1,769.14. The company has a market capitalization of $31.02 billion, a price-to-earnings ratio of 68.43 and a beta of 1.68. The company's 50-day moving average price is $1,339.88 and its two-hundred day moving average price is $1,200.57.

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 for the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%. The firm had revenue of $185.78 million for the quarter.

Texas Pacific Land Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 3rd. Texas Pacific Land's dividend payout ratio is currently 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.