SRN Advisors LLC Takes Position in Texas Pacific Land Co. (NYSE:TPL)

SRN Advisors LLC acquired a new position in Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 189 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other institutional investors have also recently made changes to their positions in TPL. York GP Ltd. acquired a new position in shares of Texas Pacific Land in the 4th quarter valued at about $101,859,000. Geode Capital Management LLC raised its position in Texas Pacific Land by 21.5% during the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after acquiring an additional 81,974 shares in the last quarter. State Street Corp lifted its holdings in Texas Pacific Land by 3.8% in the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock valued at $674,727,000 after acquiring an additional 27,884 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Texas Pacific Land in the 3rd quarter worth approximately $12,928,000. Finally, Chevy Chase Trust Holdings LLC acquired a new stake in shares of Texas Pacific Land during the 4th quarter worth approximately $10,934,000. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

NYSE:TPL opened at $1,348.52 on Thursday. The company has a 50 day moving average price of $1,294.96 and a 200-day moving average price of $1,163.71. Texas Pacific Land Co. has a 1-year low of $493.40 and a 1-year high of $1,769.14. The firm has a market cap of $31.00 billion, a price-to-earnings ratio of 68.38 and a beta of 1.68.

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 net margin of 64.32% and a return on equity of 40.23%. The company had revenue of $185.78 million during the quarter.

Texas Pacific Land Dividend Announcement

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 paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s payout ratio is 32.45%.

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.