Linden Thomas Advisory Services LLC Has $2.68 Million Holdings in Texas Pacific Land Corporation (NYSE:TPL)

Linden Thomas Advisory Services LLC increased its position in shares of Texas Pacific Land Corporation (NYSE:TPL) by 5.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,020 shares of the financial services provider’s stock after acquiring an additional 106 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Texas Pacific Land were worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in Texas Pacific Land by 2,575.0% in the fourth quarter. Jones Financial Companies Lllp now owns 107 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 103 shares during the period. Assetmark Inc. bought a new position in Texas Pacific Land in the 4th quarter worth $29,000. M&T Bank Corp increased its stake in shares of Texas Pacific Land by 2.1% in the 4th quarter. M&T Bank Corp now owns 941 shares of the financial services provider’s stock worth $1,041,000 after acquiring an additional 19 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Texas Pacific Land in the 4th quarter worth about $31,802,000. Finally, Raymond James Financial Inc. purchased a new stake in Texas Pacific Land during the 4th quarter valued at about $41,303,000. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 1.1%

Shares of NYSE TPL opened at $1,045.63 on Wednesday. The firm’s 50-day moving average price is $1,189.33 and its 200-day moving average price is $1,263.11. The company has a market cap of $24.04 billion, a PE ratio of 52.31 and a beta of 1.08. Texas Pacific Land Corporation has a 52-week low of $736.75 and a 52-week high of $1,769.14.

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

Texas Pacific Land Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Monday, June 2nd. Texas Pacific Land’s payout ratio is 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.