Pittenger & Anderson Inc. Has $4.25 Million Holdings in Texas Pacific Land Co. (NYSE:TPL)

Pittenger & Anderson Inc. lifted its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 760.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,838 shares of the financial services provider's stock after buying an additional 3,392 shares during the period. Pittenger & Anderson Inc.'s holdings in Texas Pacific Land were worth $4,245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Texas Pacific Land during the third quarter valued at approximately $25,000. Quest Partners LLC acquired a new position in shares of Texas Pacific Land in the 3rd quarter valued at $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land during the 4th quarter worth $66,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Texas Pacific Land by 21.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock worth $76,000 after buying an additional 12 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Texas Pacific Land by 16.9% during the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider's stock worth $80,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Up 2.7 %

Shares of TPL stock traded up $38.42 on Thursday, reaching $1,443.29. 149,007 shares of the stock were exchanged, compared to its average volume of 124,937. The stock has a market cap of $33.17 billion, a P/E ratio of 74.05 and a beta of 1.68. The firm has a 50 day moving average of $1,284.12 and a two-hundred day moving average of $1,146.42. Texas Pacific Land Co. has a 1-year low of $493.40 and a 1-year high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. The business had revenue of $185.78 million during the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%.

Texas Pacific Land Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 0.44%. Texas Pacific Land's dividend payout ratio (DPR) is 32.84%.

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.