Texas Pacific Land Co. (NYSE:TPL) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in Texas Pacific Land Co. (NYSE:TPL) by 3.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 344 shares of the financial services provider’s stock after purchasing an additional 11 shares during the quarter. Farther Finance Advisors LLC’s holdings in Texas Pacific Land were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. RDA Financial Network acquired a new position in Texas Pacific Land in the 1st quarter valued at about $220,000. Wedmont Private Capital increased its stake in shares of Texas Pacific Land by 26.3% during the 1st quarter. Wedmont Private Capital now owns 307 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 64 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Texas Pacific Land by 236.1% during the 1st quarter. UMB Bank n.a. now owns 9,684 shares of the financial services provider’s stock valued at $12,831,000 after acquiring an additional 6,803 shares during the last quarter. Gateway Investment Advisers LLC acquired a new position in shares of Texas Pacific Land during the 1st quarter valued at about $554,000. Finally, City State Bank acquired a new position in shares of Texas Pacific Land during the 1st quarter valued at about $346,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

NYSE TPL opened at $1,118.22 on Monday. Texas Pacific Land Co. has a 12 month low of $724.75 and a 12 month high of $1,769.14. The company has a 50-day moving average of $1,260.93 and a 200-day moving average of $1,290.22. The company has a market cap of $25.70 billion, a P/E ratio of 56.71 and a beta of 1.12.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing analysts’ consensus estimates of $5.27 by ($0.03). Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%. The company had revenue of $195.98 million for the quarter, compared to analyst estimates of $211.00 million.

Texas Pacific Land Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, June 2nd. Texas Pacific Land’s dividend payout ratio is currently 32.02%.

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.