Nisa Investment Advisors LLC Boosts Holdings in Texas Pacific Land Co. (NYSE:TPL)

Nisa Investment Advisors LLC raised its stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 505.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,743 shares of the financial services provider's stock after buying an additional 3,125 shares during the period. Nisa Investment Advisors LLC's holdings in Texas Pacific Land were worth $2,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Texas Pacific Land by 200.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 45 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 30 shares during the last quarter. GAMMA Investing LLC lifted its position in Texas Pacific Land by 315.4% during the 1st quarter. GAMMA Investing LLC now owns 54 shares of the financial services provider's stock worth $31,000 after acquiring an additional 41 shares during the last quarter. IFS Advisors LLC lifted its position in Texas Pacific Land by 200.0% during the 1st quarter. IFS Advisors LLC now owns 66 shares of the financial services provider's stock worth $38,000 after acquiring an additional 44 shares during the last quarter. Halpern Financial Inc. lifted its position in Texas Pacific Land by 200.0% during the 1st quarter. Halpern Financial Inc. now owns 75 shares of the financial services provider's stock worth $44,000 after acquiring an additional 50 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Texas Pacific Land during the 2nd quarter worth $44,000. Institutional investors and hedge funds own 59.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TPL shares. StockNews.com lowered shares of Texas Pacific Land from a "buy" rating to a "hold" rating in a research report on Tuesday, June 18th. BWS Financial restated a "buy" rating and set a $917.00 price objective on shares of Texas Pacific Land in a report on Monday, August 12th.

Texas Pacific Land Stock Performance

Shares of NYSE:TPL traded up $7.42 on Wednesday, hitting $824.93. 84,001 shares of the company were exchanged, compared to its average volume of 106,355. The company's 50 day moving average price is $787.03 and its two-hundred day moving average price is $644.12. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $854.66. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 43.88 and a beta of 1.63.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share for the quarter, missing analysts' consensus estimates of $5.36 by ($0.38). The business had revenue of $172.33 million during the quarter, compared to the consensus estimate of $182.35 million. Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. During the same period in the previous year, the firm earned $4.35 EPS. Research analysts predict that Texas Pacific Land Co. will post 20.14 earnings per share for the current year.

Texas Pacific Land Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $1.17 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $4.68 dividend on an annualized basis and a yield of 0.57%. Texas Pacific Land's payout ratio is currently 24.88%.

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.