Blair William & Co. IL Has $8.26 Million Holdings in Texas Pacific Land Corporation $TPL

Blair William & Co. IL lessened its stake in shares of Texas Pacific Land Corporation (NYSE:TPL) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,822 shares of the financial services provider’s stock after selling 173 shares during the period. Blair William & Co. IL’s holdings in Texas Pacific Land were worth $8,263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hemington Wealth Management grew its stake in Texas Pacific Land by 66.7% during the 1st quarter. Hemington Wealth Management now owns 20 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 8 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Texas Pacific Land by 110.0% during the 1st quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 11 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Texas Pacific Land during the 1st quarter valued at about $28,000. Allworth Financial LP grew its stake in Texas Pacific Land by 42.1% during the 1st quarter. Allworth Financial LP now owns 27 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 8 shares in the last quarter. Finally, GW&K Investment Management LLC grew its stake in Texas Pacific Land by 237.5% during the 1st quarter. GW&K Investment Management LLC now owns 27 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eric L. Oliver bought 100 shares of Texas Pacific Land stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $881.27 per share, for a total transaction of $88,127.00. Following the acquisition, the director owned 393,600 shares in the company, valued at $346,867,872. This trade represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.90% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of NYSE TPL opened at $890.97 on Friday. The stock has a market cap of $20.47 billion, a price-to-earnings ratio of 44.42 and a beta of 1.12. The business has a 50 day simple moving average of $917.60 and a 200 day simple moving average of $1,084.11. Texas Pacific Land Corporation has a 52 week low of $845.56 and a 52 week high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $5.05 EPS for the quarter, missing the consensus estimate of $5.48 by ($0.43). The firm had revenue of $187.54 million during 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. Investors of record on Tuesday, September 2nd were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, September 2nd. Texas Pacific Land’s payout ratio is 31.90%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Texas Pacific Land in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.