Arcadia Investment Management Corp MI Has $10.55 Million Stake in Texas Pacific Land Co. (NYSE:TPL)

Arcadia Investment Management Corp MI decreased its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,538 shares of the financial services provider’s stock after selling 897 shares during the period. Texas Pacific Land accounts for 1.7% of Arcadia Investment Management Corp MI’s investment portfolio, making the stock its 19th biggest holding. Arcadia Investment Management Corp MI’s holdings in Texas Pacific Land were worth $10,549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPL. Creative Planning lifted its position in Texas Pacific Land by 5.8% during the 3rd quarter. Creative Planning now owns 6,717 shares of the financial services provider’s stock worth $5,943,000 after acquiring an additional 369 shares during the last quarter. Signaturefd LLC lifted its position in Texas Pacific Land by 16.9% during the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 13 shares during the last quarter. Eastern Bank acquired a new position in shares of Texas Pacific Land during the third quarter valued at about $111,000. Private Advisor Group LLC raised its position in shares of Texas Pacific Land by 0.7% during the third quarter. Private Advisor Group LLC now owns 3,657 shares of the financial services provider’s stock valued at $3,236,000 after buying an additional 27 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Texas Pacific Land during the third quarter valued at about $45,400,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of TPL opened at $1,443.29 on Friday. The company has a 50-day simple moving average of $1,284.12 and a 200-day simple moving average of $1,146.42. The firm has a market capitalization of $33.17 billion, a P/E ratio of 73.19 and a beta of 1.68. Texas Pacific Land Co. has a 52 week low of $493.40 and a 52 week high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. The business had revenue of $185.78 million during the quarter. Texas Pacific Land had a net margin of 64.32% and a return on equity of 40.28%.

Texas Pacific Land Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, March 3rd. Texas Pacific Land’s dividend 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.