1 week Ago By ABMN Staff
Anchor Capital Advisors LLC lowered its stake in Texas Pacific Land Co. ( NYSE:TPL – Free Report ) by 25.9% in the second quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 3,422 shares of the financial services provider’s stock after selling 1,195 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Texas Pacific Land were worth $2,513,000 as of its most recent filing with the SEC. A number of other large investors have also modified their holdings of TPL.
Vanguard Group Inc. grew its stake in shares of Texas Pacific Land by 199.8% in the first quarter.
Vanguard Group Inc. now owns 1,901,206 shares of the financial services provider’s stock valued at $1,099,867,000 after buying an additional 1,267,123 shares in the last quarter. Pacific Heights Asset Management LLC grew its stake in shares of Texas Pacific Land by 200.
0% in the first quarter. Pacific Heights Asset Management LLC now owns 165,000 shares of the financial services provider’s stock valued at $95,454,000 after buying an additional 110,000 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Texas Pacific Land by 74.
2% in the second quarter. Bank of New York Mellon Corp now owns 204,176 shares of the financial services provider’s stock valued at $149,920,000 after buying an additional 86,975 shares in the last quarter. Mad River Investors grew its stake in shares of Texas Pacific Land by 199.
2% in the first quarter. Mad River Investors now owns 100,121 shares of the financial services provider’s stock valued at $57,921,000 after buying an additional 66,663 shares in the last quarter. Finally, Principal Financial Group Inc.
grew its stake in Texas Pacific Land by 1,541.2% during the 2nd quarter. Principal Financial Group Inc.
now owns 64,319 shares of the financial services provider’s stock valued at $47,228,000 after purchasing an additional 60,400 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.
Analyst Ratings Changes A number of research analysts have commented on TPL shares. StockNews.com downgraded Texas Pacific Land from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th.
BWS Financial reaffirmed a “buy” rating and set a $917.00 target price on shares of Texas Pacific Land in a report on Monday, August 12th. Texas Pacific Land Trading Up 0.
7 % Shares of NYSE TPL opened at $798.51 on Monday. The company has a market cap of $18.
35 billion, a price-to-earnings ratio of 42.45 and a beta of 1.60.
Texas Pacific Land Co. has a 12-month low of $467.62 and a 12-month high of $881.
12. The stock’s 50 day simple moving average is $809.09 and its 200 day simple moving average is $676.
04. Texas Pacific Land ( NYSE:TPL – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.
98 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.36 by ($0.38).
The company had revenue of $172.33 million during the quarter, compared to the consensus estimate of $182.35 million.
Texas Pacific Land had a return on equity of 41.29% and a net margin of 66.71%.
During the same period last year, the business posted $4.35 EPS. As a group, equities analysts forecast that Texas Pacific Land Co.
will post 20.14 earnings per share for the current fiscal year. Texas Pacific Land Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th.
Investors of record on Tuesday, September 3rd will be issued a $1.17 dividend. This represents a $4.
68 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, September 3rd.
Texas Pacific Land’s dividend payout ratio (DPR) is 24.88%. Texas Pacific Land Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for Texas Pacific Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Pacific Land and related companies with MarketBeat.com's FREE daily email newsletter .
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