Vista Investment Partners II LLC Purchases Shares of 366 Texas Pacific Land Co. (NYSE:TPL)

Vista Investment Partners II LLC bought a new stake in Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 366 shares of the financial services provider’s stock, valued at approximately $405,000.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in Texas Pacific Land in the 3rd quarter valued at $25,000. Assetmark Inc. acquired a new stake in shares of Texas Pacific Land during the fourth quarter worth $29,000. Quest Partners LLC bought a new position in Texas Pacific Land during the 3rd quarter worth $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land during the 4th quarter worth approximately $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

TPL stock opened at $1,376.19 on Monday. The company has a fifty day moving average price of $1,326.06 and a 200-day moving average price of $1,192.68. Texas Pacific Land Co. has a 52-week low of $503.08 and a 52-week high of $1,769.14. The company has a market capitalization of $31.63 billion, a P/E ratio of 69.79 and a beta of 1.69.

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

Texas Pacific Land Dividend Announcement

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