Yeomans Consulting Group Inc. Buys New Stake in Texas Pacific Land Co. (NYSE:TPL)

Yeomans Consulting Group Inc. purchased a new position in shares of Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 273 shares of the financial services provider’s stock, valued at approximately $302,000.

Other large investors also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in Texas Pacific Land by 14.2% during the 2nd quarter. Sei Investments Co. now owns 901 shares of the financial services provider’s stock worth $662,000 after acquiring an additional 112 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Texas Pacific Land during the second quarter worth about $3,303,000. Profund Advisors LLC purchased a new position in shares of Texas Pacific Land in the second quarter valued at approximately $383,000. ProShare Advisors LLC acquired a new position in shares of Texas Pacific Land in the second quarter valued at approximately $645,000. Finally, Public Sector Pension Investment Board lifted its holdings in Texas Pacific Land by 1.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,697 shares of the financial services provider’s stock worth $1,980,000 after buying an additional 51 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of Texas Pacific Land stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the completion of the sale, the chief accounting officer now directly owns 584 shares of the company’s stock, valued at $810,784.72. The trade was a 26.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders bought 77 shares of company stock worth $104,384 in the last 90 days. Corporate insiders own 6.50% of the company’s stock.

Texas Pacific Land Stock Down 0.8 %

NYSE:TPL opened at $1,404.90 on Friday. Texas Pacific Land Co. has a 52 week low of $467.62 and a 52 week high of $1,769.14. The company has a fifty day simple moving average of $1,326.98 and a two-hundred day simple moving average of $1,070.88. The company has a market cap of $32.28 billion, a price-to-earnings ratio of 72.08 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $4.63 earnings per share for the quarter. The company had revenue of $173.56 million for the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%. During the same quarter last year, the company earned $4.58 EPS.

Texas Pacific Land Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $1.60 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 0.46%. This is an increase from Texas Pacific Land’s previous quarterly dividend of $1.17. Texas Pacific Land’s payout ratio is currently 32.84%.

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.