Texas Pacific Land Corporation (NYSE:TPL) Shares Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC increased its stake in Texas Pacific Land Corporation (NYSE:TPL) by 10.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 481 shares of the financial services provider’s stock after buying an additional 47 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Texas Pacific Land were worth $638,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Huntington National Bank lifted its holdings in Texas Pacific Land by 2.8% in the 4th quarter. Huntington National Bank now owns 333 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 9 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Texas Pacific Land by 13.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 78 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 9 shares during the last quarter. Signaturefd LLC lifted its holdings in Texas Pacific Land by 11.1% in the 4th quarter. Signaturefd LLC now owns 100 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 10 shares during the last quarter. CVA Family Office LLC lifted its holdings in Texas Pacific Land by 9.5% in the 1st quarter. CVA Family Office LLC now owns 115 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 10 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Texas Pacific Land by 3.3% during the first quarter. Farther Finance Advisors LLC now owns 344 shares of the financial services provider’s stock valued at $465,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 0.9%

TPL stock opened at $1,059.66 on Wednesday. Texas Pacific Land Corporation has a one year low of $724.75 and a one year high of $1,769.14. The firm has a market capitalization of $24.36 billion, a PE ratio of 53.01 and a beta of 1.12. The firm has a 50-day moving average of $1,239.81 and a two-hundred day moving average of $1,272.81.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing analysts’ consensus estimates of $5.27 by ($0.03). Texas Pacific Land had a net margin of 63.24% and a return on equity of 40.04%. The firm had revenue of $195.98 million for the quarter, compared to analysts’ expectations of $211.00 million.

Texas Pacific Land Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, June 2nd. Texas Pacific Land’s dividend payout ratio is presently 32.02%.

About Texas Pacific Land

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.