Wealthspire Advisors LLC Has $878,000 Position in Texas Pacific Land Co. (NYSE:TPL)

Wealthspire Advisors LLC grew its holdings in Texas Pacific Land Co. (NYSE:TPL) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 794 shares of the financial services provider’s stock after purchasing an additional 46 shares during the period. Wealthspire Advisors LLC’s holdings in Texas Pacific Land were worth $878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in Texas Pacific Land during the third quarter valued at $25,000. Quest Partners LLC acquired a new position in shares of Texas Pacific Land in the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Texas Pacific Land in the fourth quarter worth approximately $66,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Texas Pacific Land by 21.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 12 shares during the period. Finally, Signaturefd LLC grew its position in Texas Pacific Land by 16.9% during 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 in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,288.37 on Wednesday. The firm’s 50 day moving average price is $1,290.28 and its two-hundred day moving average price is $1,162.41. The firm has a market cap of $29.61 billion, a PE ratio of 65.33 and a beta of 1.68. Texas Pacific Land Co. has a twelve month low of $493.40 and a twelve month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. The business had revenue of $185.78 million during the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%.

Texas Pacific Land Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.50%. Texas Pacific Land’s dividend payout ratio is 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.