Boston Financial Mangement LLC Makes New Investment in Texas Pacific Land Co. (NYSE:TPL)

Boston Financial Mangement LLC bought a new position in shares of Texas Pacific Land Co. (NYSE:TPL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 195 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Texas Pacific Land during the 3rd quarter worth approximately $25,000. Quest Partners LLC acquired a new stake in shares of Texas Pacific Land in the third quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at approximately $66,000. Thurston Springer Miller Herd & Titak Inc. raised 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 valued at $76,000 after purchasing an additional 12 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Texas Pacific Land by 16.9% in the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 13 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Stock Down 5.9 %

NYSE TPL opened at $1,346.26 on Friday. Texas Pacific Land Co. has a 12-month low of $493.40 and a 12-month high of $1,769.14. The company has a market capitalization of $30.94 billion, a PE ratio of 68.27 and a beta of 1.68. The firm’s 50 day moving average is $1,287.07 and its 200-day moving average is $1,150.51.

Texas Pacific Land (NYSE:TPL) last released its 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 40.28%. The business had revenue of $185.78 million during the quarter.

Texas Pacific Land Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.60 dividend. The ex-dividend date is Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.48%. Texas Pacific Land’s dividend payout ratio 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.