Great West Life Assurance Co. Can Acquires Shares of 2,568 Texas Pacific Land Co. (NYSE:TPL)

Great West Life Assurance Co. Can acquired a new stake in Texas Pacific Land Co. (NYSE:TPLGet Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,568 shares of the financial services provider’s stock, valued at approximately $4,536,000.

Several other large investors also recently bought and sold shares of the company. Collective Family Office LLC grew its position in shares of Texas Pacific Land by 2.2% during the second quarter. Collective Family Office LLC now owns 1,903 shares of the financial services provider’s stock worth $2,832,000 after buying an additional 41 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Texas Pacific Land by 41.9% during the second quarter. Lindbrook Capital LLC now owns 88 shares of the financial services provider’s stock worth $131,000 after buying an additional 26 shares in the last quarter. Next Level Private LLC acquired a new stake in shares of Texas Pacific Land during the third quarter worth approximately $201,000. Stephens Inc. AR grew its position in shares of Texas Pacific Land by 1.3% during the second quarter. Stephens Inc. AR now owns 996 shares of the financial services provider’s stock worth $1,482,000 after buying an additional 13 shares in the last quarter. Finally, Whittier Trust Co. grew its position in shares of Texas Pacific Land by 2.2% during the second quarter. Whittier Trust Co. now owns 372 shares of the financial services provider’s stock worth $554,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 58.95% of the company’s stock.

Texas Pacific Land Price Performance

Shares of TPL opened at $2,094.49 on Monday. The business’s fifty day moving average price is $2,402.97 and its 200 day moving average price is $2,079.16. Texas Pacific Land Co. has a 12-month low of $946.29 and a 12-month high of $2,739.00. The stock has a market capitalization of $16.14 billion, a PE ratio of 38.05 and a beta of 1.97.

Texas Pacific Land (NYSE:TPLGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $16.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.38 by $2.44. The firm had revenue of $191.11 million for the quarter, compared to the consensus estimate of $175.67 million. As a group, research analysts anticipate that Texas Pacific Land Co. will post 59.96 earnings per share for the current fiscal year.

Texas Pacific Land Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 8th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Wednesday, December 7th. Texas Pacific Land’s payout ratio is 21.80%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Texas Pacific Land in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

About Texas Pacific Land

(Get Rating)

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages approximately 880,000 acres of land. This segment also holds own 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 located in the western part of Texas.

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Institutional Ownership by Quarter for Texas Pacific Land (NYSE:TPL)

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