Great West Life Assurance Co. Can purchased a new position in shares of Texas Pacific Land Trust (NYSE:TPL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 447 shares of the financial services provider’s stock, valued at approximately $347,000.
Other hedge funds have also recently modified their holdings of the company. Evoke Wealth LLC bought a new stake in Texas Pacific Land Trust during the third quarter worth about $31,000. Steward Partners Investment Advisory LLC lifted its stake in Texas Pacific Land Trust by 360.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 106 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 83 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Texas Pacific Land Trust by 84.7% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 109 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 50 shares during the last quarter. Samalin Investment Counsel LLC bought a new stake in Texas Pacific Land Trust during the fourth quarter worth about $97,000. Finally, Carmichael Hill & Associates Inc. bought a new stake in Texas Pacific Land Trust during the fourth quarter worth about $225,000. 42.04% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. ValuEngine raised Texas Pacific Land Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Stifel Nicolaus boosted their target price on Texas Pacific Land Trust from $937.00 to $947.00 and gave the company a “buy” rating in a research note on Friday, January 31st.
NYSE TPL opened at $375.00 on Thursday. Texas Pacific Land Trust has a 1-year low of $295.05 and a 1-year high of $915.66. The company has a current ratio of 19.10, a quick ratio of 19.10 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $621.86 and a 200-day moving average of $671.44. The firm has a market cap of $3.02 billion, a PE ratio of 9.06 and a beta of 1.28.
Texas Pacific Land Trust (NYSE:TPL) last released its earnings results on Thursday, January 30th. The financial services provider reported $9.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.37 by $1.83. Texas Pacific Land Trust had a return on equity of 76.74% and a net margin of 96.55%. The company had revenue of $113.33 million during the quarter, compared to analyst estimates of $89.00 million. As a group, equities research analysts forecast that Texas Pacific Land Trust will post 38.4 earnings per share for the current fiscal year.
The firm also recently declared an annual dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a dividend of $10.00 per share. This is a positive change from Texas Pacific Land Trust’s previous annual dividend of $1.75. The ex-dividend date was Friday, March 6th. This represents a yield of 1.4%. Texas Pacific Land Trust’s dividend payout ratio is presently 24.17%.
In other Texas Pacific Land Trust news, major shareholder Kinetics Asset Managem Horizon purchased 92 shares of the stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $787.75 per share, with a total value of $72,473.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 1,959 shares of company stock valued at $1,484,712 in the last ninety days. 0.92% of the stock is currently owned by corporate insiders.
Texas Pacific Land Trust Company Profile
Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.
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