205 Shares in Texas Pacific Land Co. (NYSE:TPL) Purchased by West Michigan Advisors LLC

West Michigan Advisors LLC purchased a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 205 shares of the financial services provider’s stock, valued at approximately $227,000.

A number of other institutional investors also recently bought and sold shares of TPL. Capital Performance Advisors LLP purchased a new stake in shares of Texas Pacific Land in the third quarter worth $25,000. Quest Partners LLC bought a new stake in shares of Texas Pacific Land in the 3rd quarter worth about $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Texas Pacific Land during the fourth quarter valued at approximately $66,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 buying an additional 12 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in shares of Texas Pacific Land in the 4th quarter worth about $87,000. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 5.5 %

TPL opened at $1,430.68 on Friday. The stock has a market cap of $32.88 billion, a P/E ratio of 72.55 and a beta of 1.68. Texas Pacific Land Co. has a 52-week low of $493.40 and a 52-week high of $1,769.14. The business has a fifty day moving average of $1,306.15 and a 200 day moving average of $1,171.65.

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

Texas Pacific Land Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio (DPR) is presently 32.45%.

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.