1,350 Shares in Texas Pacific Land Co. (NYSE:TPL) Bought by Howard Financial Services LTD.

Howard Financial Services LTD. bought a new position in Texas Pacific Land Co. (NYSE:TPL) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,350 shares of the financial services provider’s stock, valued at approximately $1,194,000.

A number of other institutional investors also recently bought and sold shares of TPL. Avantax Advisory Services Inc. raised its holdings in Texas Pacific Land by 204.2% during the first quarter. Avantax Advisory Services Inc. now owns 1,010 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 678 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Texas Pacific Land by 229.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 15,054 shares of the financial services provider’s stock valued at $8,709,000 after acquiring an additional 10,483 shares during the period. Van ECK Associates Corp raised its holdings in Texas Pacific Land by 220.7% during the first quarter. Van ECK Associates Corp now owns 4,137 shares of the financial services provider’s stock valued at $2,393,000 after acquiring an additional 2,847 shares during the period. Sandbox Financial Partners LLC raised its holdings in Texas Pacific Land by 175.4% during the first quarter. Sandbox Financial Partners LLC now owns 2,181 shares of the financial services provider’s stock valued at $1,262,000 after acquiring an additional 1,389 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Texas Pacific Land by 174.6% during the first quarter. Russell Investments Group Ltd. now owns 11,757 shares of the financial services provider’s stock valued at $6,802,000 after purchasing an additional 7,476 shares in the last quarter. 59.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TPL has been the subject of a number of research analyst reports. StockNews.com lowered Texas Pacific Land from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. BWS Financial restated a “buy” rating and set a $917.00 price objective on shares of Texas Pacific Land in a research report on Monday, August 12th.

Texas Pacific Land Stock Down 1.5 %

Shares of Texas Pacific Land stock opened at $970.86 on Wednesday. The firm has a market cap of $22.31 billion, a price-to-earnings ratio of 51.66 and a beta of 1.60. The business has a 50-day moving average price of $855.03 and a 200-day moving average price of $732.16. Texas Pacific Land Co. has a twelve month low of $467.62 and a twelve month high of $995.71.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.98 EPS for the quarter, missing the consensus estimate of $5.36 by ($0.38). The company had revenue of $172.33 million during the quarter, compared to analysts’ expectations of $182.35 million. Texas Pacific Land had a return on equity of 41.29% and a net margin of 66.71%. During the same quarter in the prior year, the business posted $4.35 EPS.

Texas Pacific Land Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $1.17 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $4.68 annualized dividend and a yield of 0.48%. Texas Pacific Land’s dividend payout ratio is currently 24.88%.

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.