Atala Financial Inc Purchases New Position in Texas Pacific Land Co. (NYSE:TPL)

Atala Financial Inc purchased a new stake in Texas Pacific Land Co. (NYSE:TPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28 shares of the financial services provider’s stock, valued at approximately $31,000.

Several other large investors have also added to or reduced their stakes in TPL. Sumitomo Mitsui Trust Group Inc. lifted its position in Texas Pacific Land by 7.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 46,784 shares of the financial services provider’s stock valued at $41,392,000 after acquiring an additional 3,113 shares in the last quarter. KBC Group NV lifted its position in shares of Texas Pacific Land by 41.4% during the 3rd quarter. KBC Group NV now owns 1,455 shares of the financial services provider’s stock worth $1,288,000 after buying an additional 426 shares in the last quarter. Metis Global Partners LLC bought a new position in shares of Texas Pacific Land during the 3rd quarter worth approximately $219,000. CIBC Asset Management Inc lifted its position in shares of Texas Pacific Land by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 797 shares of the financial services provider’s stock worth $705,000 after buying an additional 41 shares in the last quarter. Finally, RiverPark Advisors LLC lifted its position in shares of Texas Pacific Land by 6.8% during the 3rd quarter. RiverPark Advisors LLC now owns 787 shares of the financial services provider’s stock worth $696,000 after buying an additional 50 shares in the last quarter. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 5.2 %

Texas Pacific Land stock opened at $1,319.96 on Friday. Texas Pacific Land Co. has a 52 week low of $547.00 and a 52 week high of $1,769.14. The company’s 50 day moving average price is $1,343.50 and its two-hundred day moving average price is $1,206.52. The stock has a market cap of $30.34 billion, a P/E ratio of 66.93 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last posted its 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 for the quarter.

Texas Pacific Land Dividend Announcement

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