Decker Retirement Planning Inc. Makes New $2.73 Million Investment in Texas Pacific Land Corporation (NYSE:TPL)

Decker Retirement Planning Inc. acquired a new stake in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,060 shares of the financial services provider's stock, valued at approximately $2,729,000. Texas Pacific Land comprises about 1.7% of Decker Retirement Planning Inc.'s holdings, making the stock its 11th largest holding.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its position in shares of Texas Pacific Land by 110.0% during the first quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider's stock valued at $28,000 after buying an additional 11 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Texas Pacific Land by 108.3% during the fourth quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock valued at $28,000 after buying an additional 13 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Texas Pacific Land during the fourth quarter valued at $29,000. Atala Financial Inc purchased a new stake in shares of Texas Pacific Land during the fourth quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Texas Pacific Land by 175.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 33 shares of the financial services provider's stock valued at $44,000 after buying an additional 21 shares during the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Texas Pacific Land Price Performance

Shares of Texas Pacific Land stock traded down $22.49 during trading on Friday, hitting $1,052.96. 209,752 shares of the company's stock traded hands, compared to its average volume of 146,871. Texas Pacific Land Corporation has a 1 year low of $724.75 and a 1 year high of $1,769.14. The stock has a market capitalization of $24.21 billion, a P/E ratio of 52.67 and a beta of 1.12. The business has a 50-day simple moving average of $1,225.73 and a 200-day simple moving average of $1,268.20.

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

Texas Pacific Land Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders 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 annualized dividend and a yield of 0.61%. 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.