Linden Thomas Advisory Services LLC Purchases 132 Shares of Texas Pacific Land Co. (NYSE:TPL)

Linden Thomas Advisory Services LLC grew its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,914 shares of the financial services provider’s stock after acquiring an additional 132 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Texas Pacific Land were worth $2,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TPL. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Texas Pacific Land during the 4th quarter worth about $66,000. Exchange Traded Concepts LLC boosted its position in Texas Pacific Land by 130.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 870 shares of the financial services provider’s stock valued at $962,000 after purchasing an additional 492 shares during the last quarter. Sustainable Insight Capital Management LLC acquired a new position in Texas Pacific Land during the fourth quarter valued at approximately $332,000. Yeomans Consulting Group Inc. acquired a new position in shares of Texas Pacific Land during the 4th quarter worth approximately $302,000. Finally, Donoghue Forlines LLC bought a new stake in shares of Texas Pacific Land during the 4th quarter worth approximately $1,956,000. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

Shares of TPL stock opened at $1,363.14 on Friday. The stock has a market cap of $31.33 billion, a P/E ratio of 69.94 and a beta of 1.68. The company has a fifty day moving average price of $1,327.04 and a two-hundred day moving average price of $1,075.14. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter. The business had revenue of $173.56 million during the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%. During the same period in the prior year, the business earned $4.58 EPS.

Texas Pacific Land Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 0.47%. This is a positive change from Texas Pacific Land’s previous quarterly dividend of $1.17. The ex-dividend date was Monday, December 2nd. Texas Pacific Land’s dividend payout ratio (DPR) is currently 32.84%.

Insiders Place Their Bets

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the transaction, the chief accounting officer now owns 584 shares in the company, valued at $810,784.72. This trade represents a 26.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 78 shares of company stock worth $105,810 in the last quarter. 6.50% of the stock is currently owned by corporate insiders.

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.