SG Americas Securities LLC Has $806,000 Stock Position in Texas Pacific Land Corporation (NYSE:TPL)

SG Americas Securities LLC boosted its holdings in shares of Texas Pacific Land Corporation (NYSE:TPL) by 40.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 608 shares of the financial services provider’s stock after buying an additional 174 shares during the period. SG Americas Securities LLC’s holdings in Texas Pacific Land were worth $806,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of Texas Pacific Land by 241,048.0% during the 1st quarter. GAMMA Investing LLC now owns 361,722 shares of the financial services provider’s stock worth $479,278,000 after acquiring an additional 361,572 shares during the period. Vanguard Group Inc. boosted its stake in shares of Texas Pacific Land by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 2,350,380 shares of the financial services provider’s stock valued at $2,599,426,000 after purchasing an additional 260,278 shares during the period. Invesco Ltd. lifted its holdings in Texas Pacific Land by 203.4% in the 4th quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider’s stock worth $331,321,000 after buying an additional 200,841 shares during the period. Geode Capital Management LLC increased its position in shares of Texas Pacific Land by 34.5% during the fourth quarter. Geode Capital Management LLC now owns 622,115 shares of the financial services provider’s stock valued at $693,023,000 after buying an additional 159,597 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Texas Pacific Land by 943.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 121,055 shares of the financial services provider’s stock valued at $133,883,000 after purchasing an additional 109,455 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

TPL stock opened at $1,079.75 on Friday. Texas Pacific Land Corporation has a 52-week low of $724.75 and a 52-week high of $1,769.14. The firm has a 50 day moving average price of $1,250.85 and a 200-day moving average price of $1,280.97. The firm has a market capitalization of $24.82 billion, a price-to-earnings ratio of 54.01 and a beta of 1.12.

Texas Pacific Land (NYSE:TPL) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $5.24 earnings per share for the quarter, missing analysts’ consensus estimates of $5.27 by ($0.03). The company had revenue of $195.98 million for the quarter, compared to analysts’ expectations of $211.00 million. Texas Pacific Land had a net margin of 63.24% and a return on equity of 40.04%.

Texas Pacific Land Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.59%. Texas Pacific Land’s payout ratio is 32.02%.

Texas Pacific Land 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.