Atala Financial Inc Invests $31,000 in Texas Pacific Land Co. (NYSE:TPL)

Atala Financial Inc acquired a new stake in Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, Holdings Channel.com reports. The firm acquired 28 shares of the financial services provider’s stock, valued at approximately $31,000.

A number of other hedge funds have also bought and sold shares of TPL. York GP Ltd. purchased a new position in Texas Pacific Land in the 4th quarter valued at approximately $101,859,000. Geode Capital Management LLC grew its stake in Texas Pacific Land by 21.5% in the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after buying an additional 81,974 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Texas Pacific Land by 31.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider’s stock valued at $198,669,000 after buying an additional 43,217 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Texas Pacific Land in the 4th quarter valued at approximately $41,303,000. Finally, Proficio Capital Partners LLC purchased a new position in Texas Pacific Land in the 4th quarter valued at approximately $31,802,000. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,319.96 on Friday. The firm has a fifty day moving average price of $1,343.50 and a two-hundred day moving average price of $1,206.52. Texas Pacific Land Co. has a one year low of $547.00 and a one year high of $1,769.14. The company has a market cap of $30.34 billion, a price-to-earnings ratio of 66.93 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 net margin of 64.32% and a return on equity of 40.23%. The firm had revenue of $185.78 million during the quarter.

Texas Pacific Land Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, March 3rd. Texas Pacific Land’s payout ratio is 32.45%.

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.