Texas Pacific Land Co. (NYSE:TPL) Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its holdings in Texas Pacific Land Co. (NYSE:TPL) by 8.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 444 shares of the financial services provider’s stock after purchasing an additional 35 shares during the period. Chicago Partners Investment Group LLC’s holdings in Texas Pacific Land were worth $393,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TPL. Allspring Global Investments Holdings LLC grew its holdings in Texas Pacific Land by 522.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 622 shares during the period. State of Michigan Retirement System grew its holdings in Texas Pacific Land by 200.0% in the first quarter. State of Michigan Retirement System now owns 1,200 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 800 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Texas Pacific Land by 198.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 42,600 shares of the financial services provider’s stock valued at $24,645,000 after purchasing an additional 28,329 shares during the period. Private Advisor Group LLC grew its holdings in Texas Pacific Land by 230.5% in the first quarter. Private Advisor Group LLC now owns 3,464 shares of the financial services provider’s stock valued at $2,004,000 after purchasing an additional 2,416 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Texas Pacific Land by 269.7% in the first quarter. Janney Montgomery Scott LLC now owns 11,040 shares of the financial services provider’s stock valued at $6,387,000 after purchasing an additional 8,054 shares during the period. 59.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and issued a $917.00 target price on shares of Texas Pacific Land in a research report on Monday, August 12th.

Texas Pacific Land Price Performance

NYSE TPL opened at $1,207.58 on Tuesday. The company has a market cap of $27.75 billion, a PE ratio of 62.12 and a beta of 1.56. The stock’s 50 day simple moving average is $949.96 and its 200-day simple moving average is $794.97. Texas Pacific Land Co. has a 1-year low of $467.62 and a 1-year high of $1,240.05.

Texas Pacific Land (NYSE:TPL) last released its earnings results on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share for the quarter, missing the consensus estimate of $5.36 by ($0.38). The firm had revenue of $172.33 million during the quarter, compared to analysts’ expectations of $182.35 million. Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. During the same quarter last year, the business earned $4.35 EPS.

Texas Pacific Land Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $1.17 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $4.68 dividend on an annualized basis and a yield of 0.39%. Texas Pacific Land’s payout ratio is 24.07%.

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.