Bokf Na Has $1.15 Million Holdings in Texas Pacific Land Co. (NYSE:TPL)

Bokf Na grew its stake in Texas Pacific Land Co. (NYSE:TPL) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,571 shares of the financial services provider’s stock after acquiring an additional 17 shares during the period. Bokf Na’s holdings in Texas Pacific Land were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its holdings in shares of Texas Pacific Land by 204.2% in the first quarter. Avantax Advisory Services Inc. now owns 1,010 shares of the financial services provider’s stock valued at $584,000 after buying an additional 678 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Texas Pacific Land by 229.3% in 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 purchasing an additional 10,483 shares during the period. Van ECK Associates Corp increased its position 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 worth $2,393,000 after acquiring an additional 2,847 shares during the period. Sandbox Financial Partners LLC increased its position 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 worth $1,262,000 after acquiring an additional 1,389 shares during the period. Finally, Russell Investments Group Ltd. increased its position in 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 worth $6,802,000 after acquiring an additional 7,476 shares during the period. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Stock Up 1.8 %

Shares of TPL opened at $808.99 on Monday. The business’s 50-day moving average price is $814.43 and its 200-day moving average price is $685.68. Texas Pacific Land Co. has a twelve month low of $467.62 and a twelve month high of $881.12. The stock has a market cap of $18.59 billion, a PE ratio of 43.01 and a beta of 1.60.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share 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 the consensus estimate 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 last year, the company posted $4.35 earnings per share. Analysts expect that Texas Pacific Land Co. will post 20.14 earnings per share for the current fiscal year.

Texas Pacific Land Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, September 3rd. Texas Pacific Land’s dividend payout ratio (DPR) is presently 24.88%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TPL. BWS Financial reiterated a “buy” rating and set a $917.00 price objective on shares of Texas Pacific Land in a research note on Monday, August 12th. StockNews.com lowered shares of Texas Pacific Land from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th.

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.