195 Shares in Texas Pacific Land Co. (NYSE:TPL) Purchased by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC acquired a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, Holdings Channel reports. The firm acquired 195 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. acquired a new stake in Texas Pacific Land during the fourth quarter valued at approximately $424,000. Atala Financial Inc acquired a new stake in Texas Pacific Land during the fourth quarter valued at approximately $31,000. Erste Asset Management GmbH boosted its holdings in Texas Pacific Land by 50.0% during the fourth quarter. Erste Asset Management GmbH now owns 570 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 190 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Texas Pacific Land during the fourth quarter valued at approximately $452,000. Finally, Avantax Advisory Services Inc. boosted its holdings in Texas Pacific Land by 3.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,258 shares of the financial services provider’s stock valued at $1,391,000 after purchasing an additional 39 shares in the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Trading Up 5.2 %

NYSE TPL opened at $1,319.96 on Friday. The stock’s 50 day moving average is $1,343.50 and its two-hundred day moving average is $1,206.52. The company has a market capitalization of $30.34 billion, a price-to-earnings ratio of 66.93 and a beta of 1.68. Texas Pacific Land Co. has a 1-year low of $547.00 and a 1-year high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings data 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 company had revenue of $185.78 million for the quarter.

Texas Pacific Land Dividend Announcement

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. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio (DPR) is currently 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.