Vista Investment Partners II LLC Invests $405,000 in Texas Pacific Land Co. (NYSE:TPL)

Vista Investment Partners II LLC purchased a new position in Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 366 shares of the financial services provider’s stock, valued at approximately $405,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TPL. Capital Performance Advisors LLP purchased a new stake in shares of Texas Pacific Land during the third quarter valued at $25,000. Assetmark Inc. bought a new stake in Texas Pacific Land during the fourth quarter valued at about $29,000. Quest Partners LLC bought a new stake in Texas Pacific Land during the 3rd quarter worth approximately $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Texas Pacific Land during the 4th quarter valued at $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Texas Pacific Land by 21.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 5.5 %

Shares of Texas Pacific Land stock opened at $1,376.19 on Monday. The firm has a market cap of $31.63 billion, a PE ratio of 69.79 and a beta of 1.69. The stock has a 50 day moving average of $1,326.06 and a 200 day moving average of $1,192.68. Texas Pacific Land Co. has a 12 month low of $503.08 and a 12 month high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%. The company had revenue of $185.78 million during the quarter.

Texas Pacific Land Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.60 dividend. The ex-dividend date is Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.47%. Texas Pacific Land’s payout ratio is 32.45%.

Texas Pacific Land Company Profile

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.