Texas Pacific Land Co. (NYSE:TPL - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $1,367.44, but opened at $1,330.00. Texas Pacific Land shares last traded at $1,323.82, with a volume of 13,799 shares.
Texas Pacific Land Trading Up 5.5 %
The company has a market cap of $31.63 billion, a P/E ratio of 69.79 and a beta of 1.69. The business's 50 day simple moving average is $1,326.06 and its 200 day simple moving average is $1,192.68.
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 net margin of 64.32% and a return on equity of 40.23%.
Texas Pacific Land Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land's dividend payout ratio (DPR) is 32.45%.
Institutional Trading of Texas Pacific Land
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in shares of Texas Pacific Land by 11.0% during the third quarter. Van ECK Associates Corp now owns 4,669 shares of the financial services provider's stock valued at $4,131,000 after buying an additional 463 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Texas Pacific Land by 1.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 7,085 shares of the financial services provider's stock valued at $6,268,000 after acquiring an additional 76 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Texas Pacific Land in the 3rd quarter valued at $25,000. Legacy Capital Wealth Partners LLC lifted its stake in Texas Pacific Land by 85.6% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 2,025 shares of the financial services provider's stock worth $1,792,000 after purchasing an additional 934 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Texas Pacific Land by 23.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,481 shares of the financial services provider's stock valued at $1,310,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 59.94% of the company's stock.
Texas Pacific Land Company Profile
(
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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.
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