Anchor Capital Advisors LLC Has $3.39 Million Holdings in Texas Pacific Land Co. (NYSE:TPL)

Anchor Capital Advisors LLC lowered its stake in Texas Pacific Land Co. (NYSE:TPL) by 11.5% in the fourth quarter, Holdings Channel reports. The fund owned 3,065 shares of the financial services provider’s stock after selling 399 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Texas Pacific Land were worth $3,390,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TPL. York GP Ltd. acquired a new position in Texas Pacific Land during the 4th quarter worth approximately $101,859,000. Geode Capital Management LLC grew its stake in shares of Texas Pacific Land by 21.5% during the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock worth $411,943,000 after buying an additional 81,974 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Texas Pacific Land during the fourth quarter worth $31,802,000. State Street Corp increased its holdings in shares of Texas Pacific Land by 3.8% during the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock worth $674,727,000 after buying an additional 27,884 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Texas Pacific Land in the 3rd quarter valued at $12,928,000. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Stock Up 5.5 %

NYSE TPL opened at $1,430.68 on Friday. Texas Pacific Land Co. has a twelve month low of $493.40 and a twelve month high of $1,769.14. The business’s fifty day moving average is $1,306.15 and its 200 day moving average is $1,169.21. The company has a market cap of $32.88 billion, a price-to-earnings ratio of 72.55 and a beta of 1.68.

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

Texas Pacific Land Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, March 3rd. Texas Pacific Land’s dividend payout ratio (DPR) 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.