Bradley Foster & Sargent Inc. CT Trims Position in Texas Pacific Land Co. (NYSE:TPL)

Bradley Foster & Sargent Inc. CT decreased its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 31.2% during the 4th quarter, HoldingsChannel reports. The fund owned 1,890 shares of the financial services provider’s stock after selling 857 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Texas Pacific Land were worth $2,090,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Texas Pacific Land in the 3rd quarter valued at about $25,000. Quest Partners LLC acquired a new position in Texas Pacific Land in the third quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Texas Pacific Land in the fourth quarter worth approximately $66,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Texas Pacific Land by 21.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 12 shares during the period. Finally, Signaturefd LLC increased its stake in Texas Pacific Land by 16.9% during the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Down 5.9 %

Shares of Texas Pacific Land stock opened at $1,346.26 on Friday. The firm has a market cap of $30.95 billion, a PE ratio of 68.27 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’s fifty day simple moving average is $1,287.07 and its 200-day simple moving average is $1,150.51.

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

Texas Pacific Land Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.48%. Texas Pacific Land’s payout ratio is currently 32.45%.

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.