Sprott Inc. Boosts Position in Texas Pacific Land Co. (NYSE:TPL)

Sprott Inc. raised its stake in Texas Pacific Land Co. (NYSE:TPL) by 26.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,080 shares of the financial services provider’s stock after buying an additional 1,695 shares during the period. Sprott Inc.’s holdings in Texas Pacific Land were worth $8,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Texas Pacific Land in the third quarter valued at approximately $25,000. Quest Partners LLC bought a new stake in Texas Pacific Land during the 3rd quarter valued at $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Texas Pacific Land in the 4th quarter worth $66,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Texas Pacific Land by 21.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after buying an additional 12 shares in the last quarter. Finally, Signaturefd LLC increased its stake 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 buying an additional 13 shares during the period. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Price Performance

NYSE:TPL opened at $1,288.37 on Wednesday. Texas Pacific Land Co. has a 1-year low of $493.40 and a 1-year high of $1,769.14. The company has a 50-day moving average of $1,290.28 and a 200 day moving average of $1,162.41. The firm has a market cap of $29.61 billion, a PE ratio of 65.33 and a beta of 1.68.

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

Texas Pacific Land Announces Dividend

The business 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 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 0.50%. Texas Pacific Land’s dividend payout ratio (DPR) is presently 32.45%.

Texas Pacific Land 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.