MONECO Advisors LLC Buys 189 Shares of Texas Pacific Land Co. (NYSE:TPL)

MONECO Advisors LLC increased its stake in Texas Pacific Land Co. (NYSE:TPL) by 62.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 492 shares of the financial services provider’s stock after buying an additional 189 shares during the quarter. MONECO Advisors LLC’s holdings in Texas Pacific Land were worth $544,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Texas Pacific Land in the third quarter worth $25,000. Quest Partners LLC bought a new stake in Texas Pacific Land in the third quarter worth $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Texas Pacific Land in the fourth quarter worth $66,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Texas Pacific Land by 21.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 12 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Texas Pacific Land by 16.9% during the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 13 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Trading Down 3.8 %

NYSE:TPL opened at $1,294.74 on Tuesday. Texas Pacific Land Co. has a twelve month low of $493.40 and a twelve month high of $1,769.14. The company has a market cap of $29.76 billion, a price-to-earnings ratio of 65.66 and a beta of 1.68. The stock has a fifty day simple moving average of $1,288.58 and a 200-day simple moving average of $1,159.12.

Texas Pacific Land (NYSE:TPL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%. The business had revenue of $185.78 million during the quarter.

Texas Pacific Land Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.60 per share. The ex-dividend date is Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.49%. Texas Pacific Land’s dividend payout ratio (DPR) is 32.45%.

Texas Pacific Land 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.