Compass Ion Advisors LLC Acquires 110 Shares of Texas Pacific Land Co. (NYSE:TPL)

Compass Ion Advisors LLC lifted its holdings in Texas Pacific Land Co. (NYSE:TPL) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,329 shares of the financial services provider’s stock after acquiring an additional 110 shares during the period. Texas Pacific Land accounts for approximately 1.1% of Compass Ion Advisors LLC’s holdings, making the stock its 16th biggest holding. Compass Ion Advisors LLC’s holdings in Texas Pacific Land were worth $9,212,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hilltop Holdings Inc. lifted its stake in Texas Pacific Land by 290.3% in the third quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock worth $1,606,000 after purchasing an additional 1,350 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Texas Pacific Land by 63.5% in the third quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock worth $2,634,000 after purchasing an additional 1,156 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Texas Pacific Land by 5.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock worth $7,864,000 after purchasing an additional 431 shares during the last quarter. Biltmore Family Office LLC bought a new stake in Texas Pacific Land in the third quarter worth about $337,000. Finally, Everence Capital Management Inc. bought a new stake in Texas Pacific Land in the fourth quarter worth about $641,000. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,342.44 on Wednesday. The company has a 50 day moving average price of $1,347.30 and a 200-day moving average price of $1,215.48. Texas Pacific Land Co. has a fifty-two week low of $553.33 and a fifty-two week high of $1,769.14. The company has a market capitalization of $30.86 billion, a PE ratio of 68.08 and a beta of 1.69.

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

Texas Pacific Land Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Monday, March 3rd. Texas Pacific Land’s dividend payout ratio is presently 32.45%.

Insider Activity

In related news, VP Micheal W. Dobbs sold 1,150 shares of Texas Pacific Land stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the transaction, the vice president now directly owns 1,393 shares of the company’s stock, valued at $1,771,227.36. This trade represents a 45.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Chris Steddum sold 214 shares of Texas Pacific Land stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the transaction, the chief financial officer now directly owns 3,502 shares in the company, valued at approximately $4,601,592.98. The trade was a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 51 shares of company stock valued at $67,311. Corporate insiders own 6.50% of the company’s stock.

Texas Pacific Land Company 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.