1,077 Shares in Texas Pacific Land Co. (NYSE:TPL) Acquired by Sensible Financial Planning & Management LLC.

Sensible Financial Planning & Management LLC. acquired a new stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,077 shares of the financial services provider's stock, valued at approximately $953,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new position in Texas Pacific Land in the third quarter valued at $44,000. American National Bank purchased a new position in Texas Pacific Land in the second quarter valued at approximately $42,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Pacific Land in the 2nd quarter valued at $44,000. Signaturefd LLC grew its position in shares of Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider's stock valued at $80,000 after buying an additional 13 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Texas Pacific Land by 880.0% during the 3rd quarter. UMB Bank n.a. now owns 98 shares of the financial services provider's stock worth $87,000 after acquiring an additional 88 shares in the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a "buy" rating and set a $917.00 price target on shares of Texas Pacific Land in a research note on Monday, August 12th.

Texas Pacific Land Stock Performance

NYSE:TPL traded up $2.02 during mid-day trading on Friday, reaching $1,168.02. The stock had a trading volume of 73,992 shares, compared to its average volume of 102,453. The business has a 50 day simple moving average of $943.73 and a 200 day simple moving average of $787.98. Texas Pacific Land Co. has a twelve month low of $467.62 and a twelve month high of $1,189.91. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of 60.44 and a beta of 1.60.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings data 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). Texas Pacific Land had a return on equity of 41.29% and a net margin of 66.71%. The business had revenue of $172.33 million for the quarter, compared to analyst estimates of $182.35 million. During the same period in the prior year, the company earned $4.35 EPS.

Texas Pacific Land Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given 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 dividend yield of 0.40%. Texas Pacific Land's payout ratio is 24.07%.

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.