Indie Asset Partners LLC Sells 25 Shares of Texas Pacific Land Co. (NYSE:TPL)

Indie Asset Partners LLC lessened its stake in Texas Pacific Land Co. (NYSE:TPL) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 475 shares of the financial services provider’s stock after selling 25 shares during the quarter. Indie Asset Partners LLC’s holdings in Texas Pacific Land were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TPL. Capital Performance Advisors LLP bought a new position in shares of Texas Pacific Land during the third quarter valued at $25,000. Quest Partners LLC bought a new position in Texas Pacific Land during the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Texas Pacific Land during the 4th quarter valued at about $66,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 raised its holdings in shares of Texas Pacific Land by 16.9% during the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 13 shares during the last quarter. 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. Texas Pacific Land Co. has a twelve month low of $493.40 and a twelve month high of $1,769.14. The company has a market cap of $30.95 billion, a price-to-earnings ratio of 68.27 and a beta of 1.68. The company’s 50 day moving average is $1,287.07 and its 200 day moving average is $1,150.51.

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

Texas Pacific Land Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.48%. Texas Pacific Land’s dividend payout ratio (DPR) is 32.45%.

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.