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

Boston Financial Mangement LLC acquired a new position in shares of Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 195 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPL. Capital Performance Advisors LLP bought a new position in Texas Pacific Land during the third quarter worth $25,000. Quest Partners LLC bought a new position in Texas Pacific Land during the third quarter worth $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Texas Pacific Land during the fourth quarter worth $66,000. Thurston Springer Miller Herd & Titak Inc. boosted its position 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 acquiring an additional 12 shares during the period. Finally, Signaturefd LLC boosted its position 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 acquiring an additional 13 shares during the period. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Stock Performance

Shares of Texas Pacific Land stock opened at $1,346.26 on Friday. The firm has a 50-day moving average of $1,287.07 and a 200-day moving average of $1,150.51. The stock has a market cap of $30.94 billion, a PE ratio of 68.27 and a beta of 1.68. Texas Pacific Land Co. has a 52-week low of $493.40 and a 52-week high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. The company had revenue of $185.78 million during the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.28%.

Texas Pacific Land Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.60 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.48%. Texas Pacific Land’s payout ratio is presently 32.45%.

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.