Yeomans Consulting Group Inc. Makes New $302,000 Investment in Texas Pacific Land Co. (NYSE:TPL)

Yeomans Consulting Group Inc. purchased a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 273 shares of the financial services provider’s stock, valued at approximately $302,000.

Several other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Texas Pacific Land in the 3rd quarter worth about $25,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Texas Pacific Land in the third quarter worth about $44,000. Quest Partners LLC purchased a new position in shares of Texas Pacific Land in the third quarter worth about $50,000. Thurston Springer Miller Herd & Titak Inc. grew its stake 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 valued at $76,000 after acquiring an additional 12 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 13 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Price Performance

TPL opened at $1,404.90 on Friday. The company’s 50 day simple moving average is $1,326.98 and its two-hundred day simple moving average is $1,070.88. The firm has a market capitalization of $32.28 billion, a price-to-earnings ratio of 72.08 and a beta of 1.68. Texas Pacific Land Co. has a 1-year low of $467.62 and a 1-year high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $4.63 earnings per share for the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%. The company had revenue of $173.56 million for the quarter. During the same period last year, the firm posted $4.58 EPS.

Texas Pacific Land Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $1.60 per share. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. This represents a $6.40 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, December 2nd. Texas Pacific Land’s dividend payout ratio (DPR) is presently 32.84%.

Insiders Place Their Bets

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the completion of the sale, the chief accounting officer now owns 584 shares of the company’s stock, valued at $810,784.72. This trade represents a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 77 shares of company stock valued at $104,384 over the last ninety days. Company insiders own 6.50% of the company’s stock.

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.