VSM Wealth Advisory LLC Invests $173,000 in Texas Pacific Land Co. (NYSE:TPL)

VSM Wealth Advisory LLC acquired a new position in Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 156 shares of the financial services provider’s stock, valued at approximately $173,000.

A number of other institutional investors have also made changes to their positions in the business. York GP Ltd. acquired a new position in Texas Pacific Land during the fourth quarter worth $101,859,000. Geode Capital Management LLC increased its holdings in Texas Pacific Land by 21.5% during the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock worth $411,943,000 after buying an additional 81,974 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Texas Pacific Land by 31.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 179,635 shares of the financial services provider’s stock worth $198,669,000 after buying an additional 43,217 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Texas Pacific Land during the fourth quarter worth $41,303,000. Finally, Proficio Capital Partners LLC acquired a new position in Texas Pacific Land during the fourth quarter worth $31,802,000. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 0.2 %

Shares of TPL opened at $1,342.44 on Wednesday. The company has a market cap of $30.86 billion, a price-to-earnings ratio of 68.08 and a beta of 1.69. Texas Pacific Land Co. has a 1-year low of $553.33 and a 1-year high of $1,769.14. The company’s fifty day simple moving average is $1,347.30 and its 200 day simple moving average is $1,215.48.

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

Texas Pacific Land Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.60 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $6.40 annualized dividend and a dividend yield of 0.48%. Texas Pacific Land’s dividend payout ratio (DPR) is presently 32.45%.

Insider Activity at Texas Pacific Land

In related news, VP Micheal W. Dobbs sold 1,150 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the transaction, the vice president now directly owns 1,393 shares in the company, valued at approximately $1,771,227.36. This represents a 45.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Chris Steddum sold 214 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $1,313.99, for a total transaction of $281,193.86. Following the completion of the transaction, the chief financial officer now owns 3,502 shares in the company, valued at $4,601,592.98. This trade represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 51 shares of company stock worth $67,311. Corporate insiders own 6.50% of the company’s stock.

Texas Pacific Land 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.