1,010 Shares in Texas Pacific Land Co. (NYSE:TPL) Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,010 shares of the financial services provider's stock, valued at approximately $742,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Texas Pacific Land by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 35,480 shares of the financial services provider's stock valued at $55,798,000 after purchasing an additional 3,903 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Texas Pacific Land by 10.9% during the fourth quarter. Franklin Resources Inc. now owns 2,040 shares of the financial services provider's stock valued at $3,208,000 after buying an additional 200 shares during the period. Commerce Bank boosted its position in Texas Pacific Land by 40.8% during the fourth quarter. Commerce Bank now owns 2,245 shares of the financial services provider's stock worth $3,530,000 after acquiring an additional 650 shares during the last quarter. Advisory Services Network LLC grew its stake in Texas Pacific Land by 28.7% in the 4th quarter. Advisory Services Network LLC now owns 354 shares of the financial services provider's stock worth $557,000 after acquiring an additional 79 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Texas Pacific Land by 5.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,685 shares of the financial services provider's stock valued at $4,222,000 after acquiring an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 59.94% of the company's stock.

Analyst Ratings Changes

TPL has been the topic of several analyst reports. StockNews.com cut Texas Pacific Land from a "buy" rating to a "hold" rating in a report on Tuesday, June 18th. BWS Financial reissued a "buy" rating and issued a $917.00 price target on shares of Texas Pacific Land in a research note on Monday, August 12th.

Texas Pacific Land Price Performance

NYSE:TPL traded up $20.62 during trading hours on Friday, reaching $936.28. 315,660 shares of the company were exchanged, compared to its average volume of 105,130. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of 49.73 and a beta of 1.60. The stock has a 50 day simple moving average of $826.09 and a 200 day simple moving average of $696.19. Texas Pacific Land Co. has a 52-week low of $467.62 and a 52-week high of $941.63.

Texas Pacific Land (NYSE:TPL - Get Free Report) last issued 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 firm had revenue of $172.33 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $4.35 EPS. On average, analysts predict that Texas Pacific Land Co. will post 20.14 EPS for the current fiscal year.

Texas Pacific Land Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Tuesday, September 3rd. Texas Pacific Land's dividend payout ratio (DPR) is presently 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.