Texas Pacific Land Co. (NYSE:TPL) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 64.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,069 shares of the financial services provider’s stock after purchasing an additional 420 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Texas Pacific Land were worth $1,182,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TPL. Capital Performance Advisors LLP acquired a new stake in shares of Texas Pacific Land in the third quarter valued at approximately $25,000. Quest Partners LLC purchased a new stake in Texas Pacific Land in the 3rd quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Texas Pacific Land during the 4th quarter valued at $66,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Texas Pacific Land by 21.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after buying an additional 12 shares during the last quarter. Finally, Signaturefd LLC raised its holdings 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 worth $80,000 after acquiring an additional 13 shares during the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Down 3.8 %

Shares of NYSE:TPL opened at $1,294.74 on Tuesday. The company has a market capitalization of $29.76 billion, a P/E ratio of 65.66 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. The stock’s fifty day simple moving average is $1,288.58 and its 200-day simple moving average is $1,159.12.

Texas Pacific Land (NYSE:TPL) last released 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 for the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.23%.

Texas Pacific Land Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.60 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $6.40 annualized dividend and a yield of 0.49%. Texas Pacific Land’s payout ratio is currently 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.