WealthTrust Asset Management LLC Buys Shares of 195 Texas Pacific Land Co. (NYSE:TPL)

WealthTrust Asset Management LLC bought a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 195 shares of the financial services provider’s stock, valued at approximately $216,000.

Several other institutional investors also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. bought a new position in shares of Texas Pacific Land in the fourth quarter worth about $424,000. Atala Financial Inc bought a new position in shares of Texas Pacific Land in the fourth quarter worth about $31,000. Erste Asset Management GmbH increased its stake in shares of Texas Pacific Land by 50.0% in the fourth quarter. Erste Asset Management GmbH now owns 570 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 190 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Texas Pacific Land in the fourth quarter worth about $452,000. Finally, Avantax Advisory Services Inc. increased its stake in shares of Texas Pacific Land by 3.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,258 shares of the financial services provider’s stock worth $1,391,000 after purchasing an additional 39 shares during the period. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,319.96 on Friday. The business’s 50-day simple moving average is $1,343.50 and its 200-day simple moving average is $1,206.52. The firm has a market capitalization of $30.34 billion, a PE ratio of 66.93 and a beta of 1.68. Texas Pacific Land Co. has a 52 week low of $547.00 and a 52 week high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. The business 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio (DPR) is presently 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.