Sensible Financial Planning & Management LLC. Makes New Investment in Texas Pacific Land Co. (NYSE:TPL)

Sensible Financial Planning & Management LLC. bought a new stake in Texas Pacific Land Co. (NYSE:TPL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,077 shares of the financial services provider’s stock, valued at approximately $953,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TPL. American National Bank bought a new position in Texas Pacific Land during the second quarter worth about $42,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Pacific Land during the second quarter valued at approximately $44,000. Compagnie Lombard Odier SCmA purchased a new position in Texas Pacific Land in the 3rd quarter worth approximately $44,000. Signaturefd LLC increased its stake in 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 last quarter. Finally, UniSuper Management Pty Ltd lifted its position in Texas Pacific Land by 200.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 144 shares of the financial services provider’s stock worth $83,000 after buying an additional 96 shares during the last quarter. 59.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a “buy” rating and set a $917.00 price objective on shares of Texas Pacific Land in a research note on Monday, August 12th.

Texas Pacific Land Trading Up 0.4 %

NYSE TPL traded up $5.04 during trading on Friday, hitting $1,171.04. The company had a trading volume of 7,360 shares, compared to its average volume of 102,125. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $1,175.00. The company has a market cap of $26.91 billion, a price-to-earnings ratio of 59.92 and a beta of 1.60. The company’s fifty day moving average is $943.73 and its 200-day moving average is $787.98.

Texas Pacific Land (NYSE:TPL) last released its earnings results on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.38). Texas Pacific Land had a return on equity of 41.29% and a net margin of 66.71%. The business had revenue of $172.33 million during the quarter, compared to analysts’ expectations of $182.35 million. During the same period in the prior year, the company earned $4.35 earnings per share.

Texas Pacific Land Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Tuesday, September 3rd. Texas Pacific Land’s dividend payout ratio is presently 24.07%.

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.