Sentry Investment Management LLC Takes $87,000 Position in Texas Pacific Land Co. (NYSE:TPL)

Sentry Investment Management LLC bought a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 79 shares of the financial services provider’s stock, valued at approximately $87,000.

Other hedge funds have also recently bought and sold shares of the company. York GP Ltd. bought a new stake in Texas Pacific Land during the fourth quarter worth approximately $101,859,000. Geode Capital Management LLC lifted its position in shares of Texas Pacific Land by 21.5% during the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after acquiring an additional 81,974 shares during the last quarter. State Street Corp lifted its position in shares of Texas Pacific Land by 3.8% during the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock valued at $674,727,000 after acquiring an additional 27,884 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Texas Pacific Land during the 3rd quarter worth $12,928,000. Finally, Chevy Chase Trust Holdings LLC acquired a new position in shares of Texas Pacific Land in the 4th quarter worth $10,934,000. 59.94% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Stock Up 0.5 %

Shares of NYSE TPL opened at $1,358.59 on Friday. Texas Pacific Land Co. has a 12 month low of $493.40 and a 12 month high of $1,769.14. The company has a market cap of $31.23 billion, a price-to-earnings ratio of 68.89 and a beta of 1.68. The business has a fifty day simple moving average of $1,300.20 and a 200-day simple moving average of $1,165.06.

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

Texas Pacific Land Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio 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.