Texas Pacific Land Corporation $TPL Shares Purchased by RFG Advisory LLC

RFG Advisory LLC increased its stake in shares of Texas Pacific Land Corporation (NYSE:TPL) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 275 shares of the financial services provider’s stock after acquiring an additional 15 shares during the period. RFG Advisory LLC’s holdings in Texas Pacific Land were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPL. GAMMA Investing LLC grew its holdings in Texas Pacific Land by 82.0% during the first quarter. GAMMA Investing LLC now owns 273 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 123 shares during the period. State of Alaska Department of Revenue boosted its position in Texas Pacific Land by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 2,205 shares of the financial services provider’s stock worth $2,921,000 after purchasing an additional 55 shares in the last quarter. Praxis Investment Management Inc. boosted its position in Texas Pacific Land by 32.8% during the first quarter. Praxis Investment Management Inc. now owns 770 shares of the financial services provider’s stock worth $1,020,000 after purchasing an additional 190 shares in the last quarter. Cross Staff Investments Inc boosted its position in Texas Pacific Land by 2.2% during the first quarter. Cross Staff Investments Inc now owns 747 shares of the financial services provider’s stock worth $989,000 after purchasing an additional 16 shares in the last quarter. Finally, Flower City Capital purchased a new position in Texas Pacific Land during the first quarter worth approximately $485,000. 59.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Texas Pacific Land in a research report on Tuesday, October 14th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Insider Buying and Selling at Texas Pacific Land

In other news, Director Eric L. Oliver bought 100 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of $881.27 per share, for a total transaction 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. The trade was a 0.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.90% of the stock is currently owned by company insiders.

Texas Pacific Land Trading Down 0.0%

Shares of TPL stock opened at $937.81 on Monday. The company has a market capitalization of $21.55 billion, a P/E ratio of 46.75 and a beta of 1.12. The business’s 50 day moving average is $917.75 and its two-hundred day moving average is $1,068.39. Texas Pacific Land Corporation has a 12-month low of $845.56 and a 12-month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last released 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 firm had revenue of $187.54 million during the quarter, compared to analysts’ expectations 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 company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 2nd. Texas Pacific Land’s dividend payout ratio (DPR) is 31.90%.

Texas Pacific Land Company 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.