2,060 Shares in Texas Pacific Land Corporation (NYSE:TPL) Acquired by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. acquired a new stake in Texas Pacific Land Corporation (NYSE:TPL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,060 shares of the financial services provider's stock, valued at approximately $2,729,000. Texas Pacific Land comprises approximately 1.7% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 11th largest holding.

Several other institutional investors have also recently made changes to their positions in TPL. Sentry Investment Management LLC bought a new position in Texas Pacific Land during the fourth quarter worth $87,000. New York Life Investment Management LLC acquired a new position in Texas Pacific Land in the 4th quarter valued at about $2,796,000. Proficio Capital Partners LLC bought a new position in Texas Pacific Land in the 4th quarter valued at about $31,802,000. Bouchey Financial Group Ltd acquired a new stake in Texas Pacific Land during the fourth quarter worth approximately $213,000. Finally, Hosking Partners LLP increased its stake in shares of Texas Pacific Land by 28.3% during the fourth quarter. Hosking Partners LLP now owns 11,039 shares of the financial services provider's stock worth $12,209,000 after purchasing an additional 2,436 shares during the period. Institutional investors and hedge funds own 59.94% of the company's stock.

Texas Pacific Land Price Performance

TPL traded up $11.12 during trading on Tuesday, hitting $1,067.51. The stock had a trading volume of 125,002 shares, compared to its average volume of 135,123. The firm has a market cap of $24.54 billion, a price-to-earnings ratio of 53.40 and a beta of 1.12. The company has a 50 day moving average price of $1,221.85 and a 200-day moving average price of $1,267.70. Texas Pacific Land Corporation has a one year low of $725.46 and a one year high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing analysts' consensus estimates of $5.27 by ($0.03). Texas Pacific Land had a return on equity of 40.04% and a net margin of 63.24%. The business had revenue of $195.98 million for the quarter, compared to the consensus estimate of $211.00 million.

Texas Pacific Land Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $1.60 dividend. The ex-dividend date was Monday, June 2nd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.60%. Texas Pacific Land's payout ratio is 32.02%.

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.