ORG Wealth Partners LLC Takes $211,000 Position in Texas Pacific Land Co. (NYSE:TPL)

ORG Wealth Partners LLC acquired a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 239 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently made changes to their positions in TPL. Virtu Financial LLC boosted its stake in shares of Texas Pacific Land by 78.6% during the fourth quarter. Virtu Financial LLC now owns 368 shares of the financial services provider’s stock valued at $578,000 after purchasing an additional 162 shares during the period. Vanguard Group Inc. lifted its stake in Texas Pacific Land by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 634,083 shares of the financial services provider’s stock worth $997,064,000 after acquiring an additional 8,155 shares during the period. Quadrature Capital Ltd purchased a new stake in Texas Pacific Land in the fourth quarter worth $3,688,000. IFS Advisors LLC lifted its stake in Texas Pacific Land by 200.0% in the first quarter. IFS Advisors LLC now owns 66 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 44 shares during the period. Finally, CWM LLC lifted its stake in Texas Pacific Land by 220.5% in the first quarter. CWM LLC now owns 141 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 0.7 %

TPL opened at $1,066.19 on Tuesday. The stock has a fifty day simple moving average of $873.05 and a two-hundred day simple moving average of $744.97. The company has a market cap of $24.50 billion, a price-to-earnings ratio of 54.85 and a beta of 1.60. Texas Pacific Land Co. has a 12-month low of $467.62 and a 12-month high of $1,076.31.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.38). Texas Pacific Land had a return on equity of 41.29% and a net margin of 66.71%. The firm had revenue of $172.33 million during the quarter, compared to the consensus estimate of $182.35 million. During the same quarter last year, the company posted $4.35 EPS.

Texas Pacific Land Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Tuesday, September 3rd. Texas Pacific Land’s dividend payout ratio is presently 24.07%.

Analyst Upgrades and Downgrades

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

About Texas Pacific Land

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.