1,312 Shares in Texas Pacific Land Co. (NYSE:TPL) Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new position in Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,312 shares of the financial services provider’s stock, valued at approximately $1,456,000.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Texas Pacific Land during the 3rd quarter valued at about $25,000. Quest Partners LLC bought a new stake in shares of Texas Pacific Land during the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Texas Pacific Land during the 4th quarter valued at about $66,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Texas Pacific Land by 21.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 12 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in shares of Texas Pacific Land during the 4th quarter valued at about $87,000. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Stock Down 5.1 %

Texas Pacific Land stock opened at $1,354.88 on Tuesday. The business has a 50-day simple moving average of $1,310.46 and a two-hundred day simple moving average of $1,177.84. The company has a market cap of $31.14 billion, a P/E ratio of 68.71 and a beta of 1.68. Texas Pacific Land Co. has a 52-week low of $493.40 and a 52-week high of $1,769.14.

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

Texas Pacific Land Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.47%. Texas Pacific Land’s payout ratio 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.