Townsquare Capital LLC Has $476,000 Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Townsquare Capital LLC lifted its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 44.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 430 shares of the financial services provider’s stock after purchasing an additional 132 shares during the quarter. Townsquare Capital LLC’s holdings in Texas Pacific Land were worth $476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Texas Pacific Land by 19.9% in the fourth quarter. JPMorgan Chase & Co. now owns 40,670 shares of the financial services provider’s stock worth $44,979,000 after buying an additional 6,747 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Texas Pacific Land in the 4th quarter worth approximately $641,000. Miracle Mile Advisors LLC bought a new stake in Texas Pacific Land during the fourth quarter worth approximately $8,545,000. Brave Asset Management Inc. grew its holdings in Texas Pacific Land by 87.1% during the fourth quarter. Brave Asset Management Inc. now owns 537 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 250 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Texas Pacific Land by 12.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,502 shares of the financial services provider’s stock valued at $18,251,000 after purchasing an additional 1,891 shares during the period. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

Shares of TPL opened at $1,295.51 on Monday. The company has a market capitalization of $29.78 billion, a PE ratio of 65.70 and a beta of 1.44. Texas Pacific Land Co. has a one year low of $555.71 and a one year high of $1,769.14. The company’s fifty day moving average price is $1,312.81 and its 200 day moving average price is $1,284.28.

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

Texas Pacific Land Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, March 3rd. Texas Pacific Land’s dividend payout ratio (DPR) is currently 32.45%.

Insider Activity at Texas Pacific Land

In other Texas Pacific Land news, CFO Chris Steddum sold 214 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total value of $281,193.86. Following the completion of the transaction, the chief financial officer now owns 3,502 shares of the company’s stock, valued at $4,601,592.98. This represents a 5.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Micheal W. Dobbs sold 1,150 shares of Texas Pacific Land stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the sale, the vice president now directly owns 1,393 shares in the company, valued at $1,771,227.36. The trade was a 45.22 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 84 shares of company stock worth $109,748 in the last ninety days. 6.50% of the stock is currently owned by insiders.

About Texas Pacific Land

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.