U.S. Capital Wealth Advisors LLC Has $2.48 Million Stock Holdings in Texas Pacific Land Corporation $TPL

U.S. Capital Wealth Advisors LLC decreased its position in shares of Texas Pacific Land Corporation (NYSE:TPL) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,348 shares of the financial services provider’s stock after selling 43 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Texas Pacific Land were worth $2,480,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TPL. Vanguard Group Inc. raised its stake in shares of Texas Pacific Land by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 2,466,123 shares of the financial services provider’s stock worth $3,267,588,000 after purchasing an additional 115,743 shares in the last quarter. GAMMA Investing LLC raised its position in Texas Pacific Land by 241,048.0% during the first quarter. GAMMA Investing LLC now owns 361,722 shares of the financial services provider’s stock valued at $479,278,000 after acquiring an additional 361,572 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Pacific Land by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 183,485 shares of the financial services provider’s stock valued at $243,116,000 after acquiring an additional 3,850 shares during the last quarter. Schwartz Investment Counsel Inc. grew its position in Texas Pacific Land by 0.4% in the first quarter. Schwartz Investment Counsel Inc. now owns 150,823 shares of the financial services provider’s stock worth $199,839,000 after acquiring an additional 642 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Texas Pacific Land by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 126,347 shares of the financial services provider’s stock worth $167,386,000 after purchasing an additional 2,623 shares during the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Eric L. Oliver purchased 100 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were bought at an average price of $881.27 per share, with a total value of $88,127.00. Following the completion of the transaction, the director directly owned 393,600 shares in the company, valued at $346,867,872. This trade represents a 0.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.50% of the stock is currently owned by company insiders.

Texas Pacific Land Trading Up 6.1%

TPL stock opened at $930.58 on Wednesday. The firm has a market cap of $21.39 billion, a PE ratio of 46.39 and a beta of 1.19. Texas Pacific Land Corporation has a 1 year low of $845.56 and a 1 year high of $1,769.14. The company has a fifty day simple moving average of $925.43 and a 200 day simple moving average of $1,119.74.

Texas Pacific Land (NYSE:TPL) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.48 by ($0.43). The company had revenue of $187.54 million for the quarter, compared to the consensus estimate of $198.00 million. Texas Pacific Land had a net margin of 62.16% and a return on equity of 39.47%.

Texas Pacific Land Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 0.7%. Texas Pacific Land’s dividend payout ratio is presently 31.90%.

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.