2 weeks Ago By Defense World Staff
Thrivent Financial for Lutherans acquired a new stake in Texas Pacific Land Co. ( NYSE:TPL – Free Report ) in the second quarter, according to its most recent filing with the SEC. The fund acquired 4,499 shares of the financial services provider’s stock, valued at approximately $3,303,000.
Other hedge funds have also bought and sold shares of the company. NEOS Investment Management LLC grew its position in shares of Texas Pacific Land by 5.0% during the 4th quarter.
NEOS Investment Management LLC now owns 147 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 7 shares in the last quarter. BOKF NA grew its position in shares of Texas Pacific Land by 1.1% during the 2nd quarter.
BOKF NA now owns 1,571 shares of the financial services provider’s stock valued at $1,154,000 after purchasing an additional 17 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Texas Pacific Land by 3.1% during the 4th quarter.
Steward Partners Investment Advisory LLC now owns 605 shares of the financial services provider’s stock valued at $951,000 after purchasing an additional 18 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Texas Pacific Land by 2.9% during the 2nd quarter.
CIBC Asset Management Inc now owns 756 shares of the financial services provider’s stock valued at $555,000 after purchasing an additional 21 shares in the last quarter. Finally, Accordant Advisory Group Inc grew its position in shares of Texas Pacific Land by 1.9% during the 2nd quarter.
Accordant Advisory Group Inc now owns 1,382 shares of the financial services provider’s stock valued at $1,015,000 after purchasing an additional 26 shares in the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.
Texas Pacific Land Stock Performance NYSE TPL opened at $887.08 on Monday. Texas Pacific Land Co.
has a 52-week low of $467.62 and a 52-week high of $959.50.
The company has a market capitalization of $20.39 billion, a P/E ratio of 47.16 and a beta of 1.
60. The company has a fifty day moving average of $835.81 and a 200-day moving average of $712.
98. Texas Pacific Land Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $1.
17 dividend. This represents a $4.68 annualized dividend and a yield of 0.
53%. The ex-dividend date was Tuesday, September 3rd. Texas Pacific Land’s dividend payout ratio is presently 24.
88%. Analyst Upgrades and Downgrades A number of research firms have recently commented on TPL. StockNews.
com lowered shares of Texas Pacific Land from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. BWS Financial restated a “buy” rating and set a $917.00 price target on shares of Texas Pacific Land in a research report on Monday, August 12th.
Read Our Latest Stock Analysis on TPL Texas Pacific Land Company 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. See Also Five stocks we like better than Texas Pacific Land Investing In Preferred Stock vs.
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