West Michigan Advisors LLC Invests $227,000 in Texas Pacific Land Co. (NYSE:TPL)

West Michigan Advisors LLC bought a new position in Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 205 shares of the financial services provider’s stock, valued at approximately $227,000.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Texas Pacific Land during the 3rd quarter worth approximately $25,000. Quest Partners LLC acquired a new stake in Texas Pacific Land during the third quarter worth about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Texas Pacific Land during the 4th quarter worth $66,000. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 worth $76,000 after purchasing an additional 12 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in Texas Pacific Land in the fourth quarter valued at about $87,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

NYSE:TPL opened at $1,430.68 on Friday. The company has a 50 day simple moving average of $1,306.15 and a two-hundred day simple moving average of $1,171.65. Texas Pacific Land Co. has a fifty-two week low of $493.40 and a fifty-two week high of $1,769.14. The company has a market capitalization of $32.88 billion, a PE ratio of 72.55 and a beta of 1.68.

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

Texas Pacific Land Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 annualized dividend and a yield of 0.45%. Texas Pacific Land’s payout ratio is presently 32.45%.

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.