Meixler Investment Management Ltd. Sells 223 Shares of Texas Pacific Land Co. (NYSE:TPL)

Meixler Investment Management Ltd. decreased its stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 15.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,183 shares of the financial services provider's stock after selling 223 shares during the period. Texas Pacific Land accounts for 1.0% of Meixler Investment Management Ltd.'s investment portfolio, making the stock its 19th largest position. Meixler Investment Management Ltd.'s holdings in Texas Pacific Land were worth $1,308,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in Texas Pacific Land in the 3rd quarter worth about $25,000. Quest Partners LLC bought a new position in Texas Pacific Land in the 3rd quarter worth about $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Texas Pacific Land in the 4th quarter worth about $66,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock worth $76,000 after acquiring an additional 12 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider's stock worth $80,000 after acquiring 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 Texas Pacific Land stock traded up $38.42 during trading on Thursday, hitting $1,443.29. 149,007 shares of the stock traded hands, compared to its average volume of 124,937. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 74.05 and a beta of 1.68. The firm's fifty day moving average is $1,284.12 and its 200-day moving average is $1,146.42. Texas Pacific Land Co. has a 52 week low of $493.40 and a 52 week high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. The firm had revenue of $185.78 million for 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land's dividend payout ratio is presently 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.