Y Intercept Hong Kong Ltd Takes Position in Texas Pacific Land Co. (NYSE:TPL)

Y Intercept Hong Kong Ltd bought a new stake in Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,533 shares of the financial services provider’s stock, valued at approximately $3,907,000.

A number of other institutional investors have also modified their holdings of TPL. Capital Performance Advisors LLP acquired a new stake in shares of Texas Pacific Land in the 3rd quarter valued at about $25,000. Quest Partners LLC acquired a new stake in Texas Pacific Land during the third quarter worth about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Texas Pacific Land during the fourth quarter worth about $66,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Texas Pacific Land by 21.1% during 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 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 period. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Down 5.9 %

TPL opened at $1,346.26 on Monday. The firm has a market cap of $30.94 billion, a price-to-earnings ratio of 68.27 and a beta of 1.68. Texas Pacific Land Co. has a fifty-two week low of $493.40 and a fifty-two week high of $1,769.14. The company’s 50-day moving average price is $1,287.07 and its 200 day moving average price is $1,155.83.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings data 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 for the quarter.

Texas Pacific Land Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio (DPR) is 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.