Texas Pacific Land Co. (NYSE:TPL) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its position in Texas Pacific Land Co. (NYSE:TPL) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,258 shares of the financial services provider’s stock after acquiring an additional 39 shares during the period. Avantax Advisory Services Inc.’s holdings in Texas Pacific Land were worth $1,391,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TPL. Caprock Group LLC lifted its stake in shares of Texas Pacific Land by 3.0% in the fourth quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 8 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 period. Glenmede Trust Co. NA lifted its stake in shares of Texas Pacific Land by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 13 shares during the period. M&T Bank Corp lifted its stake in shares of Texas Pacific Land by 2.1% in the fourth quarter. M&T Bank Corp now owns 941 shares of the financial services provider’s stock valued at $1,041,000 after purchasing an additional 19 shares during the period. Finally, Peloton Wealth Strategists lifted its stake in shares of Texas Pacific Land by 1.8% in the third quarter. Peloton Wealth Strategists now owns 1,271 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 59.94% of the company’s stock.

Insider Buying and Selling at Texas Pacific Land

In other Texas Pacific Land news, VP Micheal W. Dobbs sold 1,150 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total transaction of $1,462,248.00. Following the completion of the transaction, the vice president now directly owns 1,393 shares in the company, valued at approximately $1,771,227.36. This trade represents a 45.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Chris Steddum sold 214 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the transaction, the chief financial officer now owns 3,502 shares of the company’s stock, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 51 shares of company stock worth $67,311. 6.50% of the stock is owned by corporate insiders.

Texas Pacific Land Stock Up 0.2 %

Shares of NYSE TPL opened at $1,342.44 on Wednesday. Texas Pacific Land Co. has a 52 week low of $553.33 and a 52 week high of $1,769.14. The firm has a 50-day moving average price of $1,347.30 and a 200 day moving average price of $1,215.48. The stock has a market capitalization of $30.86 billion, a price-to-earnings ratio of 68.08 and a beta of 1.69.

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

Texas Pacific Land Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $6.40 annualized dividend and a yield of 0.48%. Texas Pacific Land’s dividend payout ratio (DPR) is currently 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.