Janiczek Wealth Management LLC Increases Holdings in Texas Pacific Land Co. (NYSE:TPL)

Janiczek Wealth Management LLC increased its position in Texas Pacific Land Co. (NYSE:TPL) by 1,185.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90 shares of the financial services provider’s stock after buying an additional 83 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Texas Pacific Land were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. NEOS Investment Management LLC boosted its stake in shares of Texas Pacific Land by 5.0% during the fourth quarter. NEOS Investment Management LLC now owns 147 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 7 shares during the period. Arizona State Retirement System grew its holdings in Texas Pacific Land by 0.5% in the 4th quarter. Arizona State Retirement System now owns 1,687 shares of the financial services provider’s stock worth $2,653,000 after acquiring an additional 8 shares during the last quarter. Signaturefd LLC increased its position in shares of Texas Pacific Land by 30.8% in the fourth quarter. Signaturefd LLC now owns 34 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 8 shares during the period. Balentine LLC raised its stake in shares of Texas Pacific Land by 3.7% during the fourth quarter. Balentine LLC now owns 278 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 10 shares during the last quarter. Finally, First Personal Financial Services boosted its holdings in shares of Texas Pacific Land by 6.8% during the fourth quarter. First Personal Financial Services now owns 173 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Analyst Upgrades and Downgrades

TPL has been the subject of a number of recent analyst reports. BWS Financial reaffirmed a “buy” rating and set a $917.00 price target on shares of Texas Pacific Land in a research report on Friday, May 10th. StockNews.com lowered Texas Pacific Land from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th.

Texas Pacific Land Trading Down 1.6 %

Texas Pacific Land stock traded down $12.12 during trading hours on Thursday, hitting $730.90. 48,573 shares of the stock traded hands, compared to its average volume of 108,472. Texas Pacific Land Co. has a one year low of $428.33 and a one year high of $799.46. The firm’s 50-day moving average price is $637.58 and its two-hundred day moving average price is $567.00. The company has a market cap of $16.80 billion, a PE ratio of 38.87 and a beta of 1.59.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $4.97 earnings per share for the quarter, beating the consensus estimate of $4.58 by $0.39. The company had revenue of $174.14 million for the quarter, compared to analyst estimates of $158.20 million. Texas Pacific Land had a return on equity of 43.16% and a net margin of 65.74%. On average, sell-side analysts expect that Texas Pacific Land Co. will post 21.2 earnings per share for the current fiscal year.

Texas Pacific Land Announces Dividend

The firm also recently declared a None dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $10.00 dividend. The ex-dividend date of this dividend is Monday, July 1st. Texas Pacific Land’s payout ratio is 24.88%.

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.