Jones Financial Companies Lllp Acquires 103 Shares of Texas Pacific Land Co. (NYSE:TPL)

Jones Financial Companies Lllp raised its holdings in Texas Pacific Land Co. (NYSE:TPL) by 2,575.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107 shares of the financial services provider’s stock after purchasing an additional 103 shares during the quarter. Jones Financial Companies Lllp’s holdings in Texas Pacific Land were worth $118,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TPL. Quest Partners LLC bought a new position in Texas Pacific Land in the 3rd quarter valued at $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Texas Pacific Land in the 4th quarter valued at $66,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after buying an additional 12 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Texas Pacific Land in the 4th quarter valued at $87,000. Finally, GAMMA Investing LLC increased its stake in shares of Texas Pacific Land by 32.7% in the 4th quarter. GAMMA Investing LLC now owns 150 shares of the financial services provider’s stock valued at $166,000 after buying an additional 37 shares during the period. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

NYSE TPL opened at $1,319.96 on Friday. The stock has a fifty day moving average of $1,343.50 and a 200-day moving average of $1,206.52. The stock has a market capitalization of $30.34 billion, a P/E ratio of 66.93 and a beta of 1.68. Texas Pacific Land Co. has a 52 week low of $547.00 and a 52 week high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. The company 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.60 dividend. The ex-dividend date is Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.48%. Texas Pacific Land’s dividend payout ratio (DPR) is currently 32.45%.

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.