Vista Investment Partners II LLC Buys New Position in Texas Pacific Land Co. (NYSE:TPL)

Vista Investment Partners II LLC acquired a new stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 366 shares of the financial services provider's stock, valued at approximately $405,000.

A number of other institutional investors have also recently bought and sold shares of the company. Independent Advisor Alliance boosted its position in Texas Pacific Land by 1.4% during the fourth quarter. Independent Advisor Alliance now owns 3,679 shares of the financial services provider's stock valued at $4,069,000 after purchasing an additional 52 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Texas Pacific Land by 71.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,658 shares of the financial services provider's stock valued at $2,940,000 after purchasing an additional 1,111 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Texas Pacific Land by 72.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,640 shares of the financial services provider's stock valued at $7,344,000 after purchasing an additional 2,782 shares during the last quarter. Kendall Capital Management acquired a new stake in Texas Pacific Land during the fourth quarter valued at $232,000. Finally, AMF Tjanstepension AB acquired a new stake in Texas Pacific Land during the fourth quarter valued at $7,350,000. Institutional investors and hedge funds own 59.94% of the company's stock.

Texas Pacific Land Stock Up 1.7 %

Shares of NYSE:TPL traded up $22.04 on Wednesday, reaching $1,349.47. The company had a trading volume of 97,163 shares, compared to its average volume of 129,791. Texas Pacific Land Co. has a twelve month low of $529.03 and a twelve month high of $1,769.14. The stock has a 50-day moving average price of $1,339.88 and a 200 day moving average price of $1,200.57. The stock has a market capitalization of $31.02 billion, a P/E ratio of 68.43 and a beta of 1.68.

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Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%. The company had revenue of $185.78 million during the quarter.

Texas Pacific Land Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.60 dividend. The ex-dividend date is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.47%. Texas Pacific Land's dividend payout ratio is currently 32.45%.

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.