Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Texas Pacific Land Corporation $TPL

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Texas Pacific Land Corporation (NYSE:TPL) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,050 shares of the financial services provider’s stock after selling 181 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Texas Pacific Land were worth $5,335,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPL. Hemington Wealth Management lifted its position in shares of Texas Pacific Land by 66.7% during the first quarter. Hemington Wealth Management now owns 20 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 8 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Texas Pacific Land during the first quarter valued at approximately $28,000. Assetmark Inc. lifted its holdings in Texas Pacific Land by 50.0% during the 1st quarter. Assetmark Inc. now owns 39 shares of the financial services provider’s stock worth $52,000 after buying an additional 13 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of Texas Pacific Land by 5,100.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 52 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 51 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Texas Pacific Land in the 1st quarter valued at approximately $61,000. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TPL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Pacific Land in a report on Monday. Tudor Pickering raised shares of Texas Pacific Land to a “strong sell” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Texas Pacific Land has a consensus rating of “Reduce”.

Texas Pacific Land Trading Up 1.6%

TPL opened at $897.67 on Friday. The business’s 50 day moving average is $936.79 and its 200-day moving average is $1,014.54. The stock has a market cap of $20.63 billion, a PE ratio of 44.75 and a beta of 1.12. Texas Pacific Land Corporation has a twelve month low of $845.56 and a twelve month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $5.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.77 by ($0.50). The business had revenue of $203.10 million during the quarter, compared to the consensus estimate of $175.00 million. Texas Pacific Land had a return on equity of 39.47% and a net margin of 62.16%.

Texas Pacific Land Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. Texas Pacific Land’s dividend payout ratio (DPR) is 30.92%.

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.