WINTON GROUP Ltd Acquires Shares of 1,205 Texas Pacific Land Co. (NYSE:TPL)

WINTON GROUP Ltd bought a new position in Texas Pacific Land Co. (NYSE:TPL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,205 shares of the financial services provider's stock, valued at approximately $885,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TPL. Benjamin F. Edwards & Company Inc. boosted 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 worth $26,000 after buying an additional 30 shares during the last quarter. GAMMA Investing LLC boosted its position in Texas Pacific Land by 315.4% in the first quarter. GAMMA Investing LLC now owns 54 shares of the financial services provider's stock worth $31,000 after purchasing an additional 41 shares during the last quarter. American National Bank bought a new stake in shares of Texas Pacific Land during the 2nd quarter valued at about $42,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Pacific Land during the 2nd quarter valued at about $44,000. Finally, IFS Advisors LLC lifted its stake in shares of Texas Pacific Land by 200.0% in the 1st quarter. IFS Advisors LLC now owns 66 shares of the financial services provider's stock worth $38,000 after purchasing an additional 44 shares during the period. Institutional investors own 59.94% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TPL shares. BWS Financial restated a "buy" rating and set a $917.00 target price on shares of Texas Pacific Land in a research report on Monday, August 12th. StockNews.com downgraded shares of Texas Pacific Land from a "buy" rating to a "hold" rating in a research report on Tuesday, June 18th.

Texas Pacific Land Price Performance

Shares of NYSE:TPL traded up $8.29 during mid-day trading on Wednesday, reaching $881.80. 108,544 shares of the company traded hands, compared to its average volume of 103,656. The company's 50 day moving average price is $818.68 and its 200-day moving average price is $690.36. The firm has a market cap of $20.27 billion, a PE ratio of 47.36 and a beta of 1.60. Texas Pacific Land Co. has a 52 week low of $467.62 and a 52 week high of $900.00.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its quarterly 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 firm had revenue of $172.33 million during the quarter, compared to the consensus estimate of $182.35 million. Texas Pacific Land had a return on equity of 41.29% and a net margin of 66.71%. During the same quarter in the previous year, the company earned $4.35 earnings per share. On average, research analysts predict that Texas Pacific Land Co. will post 20.14 earnings per share for the current fiscal year.

Texas Pacific Land Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $1.17 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $4.68 dividend on an annualized basis and a yield of 0.53%. Texas Pacific Land's dividend payout ratio is presently 24.88%.

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.