Yousif Capital Management LLC Has $2.93 Million Stock Position in Texas Pacific Land Corporation $TPL

Yousif Capital Management LLC trimmed its stake in shares of Texas Pacific Land Corporation (NYSE:TPL) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,776 shares of the financial services provider’s stock after selling 33 shares during the quarter. Yousif Capital Management LLC’s holdings in Texas Pacific Land were worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Hemington Wealth Management boosted its holdings in Texas Pacific Land by 66.7% during the first quarter. Hemington Wealth Management now owns 20 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 8 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Texas Pacific Land by 110.0% during the first quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 11 shares in 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. Allworth Financial LP boosted its holdings in shares of Texas Pacific Land by 42.1% in the 1st quarter. Allworth Financial LP now owns 27 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 8 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in shares of Texas Pacific Land by 237.5% in the 1st quarter. GW&K Investment Management LLC now owns 27 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Pacific Land in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Insider Transactions at Texas Pacific Land

In other news, Director Eric L. Oliver acquired 100 shares of Texas Pacific Land stock in a transaction on Thursday, August 21st. The shares were purchased at an average price of $881.27 per share, with a total value of $88,127.00. Following the acquisition, the director owned 393,600 shares in the company, valued at $346,867,872. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.90% of the company’s stock.

Texas Pacific Land Stock Performance

NYSE:TPL opened at $936.25 on Friday. The stock’s fifty day moving average price is $916.27 and its two-hundred day moving average price is $1,074.55. Texas Pacific Land Corporation has a 52-week low of $845.56 and a 52-week high of $1,769.14. The company has a market cap of $21.52 billion, a price-to-earnings ratio of 46.67 and a beta of 1.12.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.48 by ($0.43). Texas Pacific Land had a return on equity of 39.47% and a net margin of 62.16%.The firm had revenue of $187.54 million for the quarter, compared to analyst estimates of $198.00 million.

Texas Pacific Land Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $6.40 annualized dividend and a yield of 0.7%. Texas Pacific Land’s dividend payout ratio is currently 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.