24,090 Shares in Texas Pacific Land Corporation $TPL Bought by CW Advisors LLC

Key Points

• CW Advisors LLC purchased 24,090 shares of Texas Pacific Land Corporation for approximately $31.9 million, representing about 0.10% ownership in the company.
• The company is set to pay a quarterly dividend of $1.60 per share on September 16, with an annualized yield of 0.7%.
• Texas Pacific Land reported a net margin of 62.16% and EPS of $5.05, falling short of the consensus estimate of $5.48 in their latest earnings results.

CW Advisors LLC purchased a new stake in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,090 shares of the financial services provider's stock, valued at approximately $31,919,000. CW Advisors LLC owned about 0.10% of Texas Pacific Land as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank lifted its position in shares of Texas Pacific Land by 173.6% during the fourth quarter. Toronto Dominion Bank now owns 6,364 shares of the financial services provider's stock worth $7,038,000 after purchasing an additional 4,038 shares in the last quarter. Spring Capital Management LLC acquired a new position in shares of Texas Pacific Land during the first quarter worth approximately $5,008,000. ProShare Advisors LLC lifted its position in shares of Texas Pacific Land by 347.0% during the fourth quarter. ProShare Advisors LLC now owns 3,670 shares of the financial services provider's stock worth $4,059,000 after purchasing an additional 2,849 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in Texas Pacific Land by 4.8% during the 1st quarter. AustralianSuper Pty Ltd now owns 8,591 shares of the financial services provider's stock worth $11,383,000 after buying an additional 391 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in Texas Pacific Land by 110.0% during the 1st quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider's stock worth $28,000 after buying an additional 11 shares in the last quarter. 59.94% of the stock is owned by institutional investors.

Insider Transactions at Texas Pacific Land

In other news, Director Eric L. Oliver acquired 100 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average price of $881.27 per share, for a total transaction of $88,127.00. Following the completion of the acquisition, the director owned 393,600 shares in the company, valued at $346,867,872. This trade represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 330 shares of company stock worth $326,165 in the last ninety days. 6.50% of the stock is currently owned by insiders.

Texas Pacific Land Stock Down 1.2%

NYSE:TPL traded down $10.7250 during trading hours on Monday, hitting $900.9050. 105,046 shares of the stock were exchanged, compared to its average volume of 138,155. The company's 50 day moving average is $987.42 and its two-hundred day moving average is $1,186.66. Texas Pacific Land Corporation has a twelve month low of $766.51 and a twelve month high of $1,769.14. The company has a market capitalization of $20.71 billion, a P/E ratio of 44.91 and a beta of 1.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $5.05 earnings per share for the quarter, missing analysts' consensus estimates of $5.48 by ($0.43). The business had revenue of $187.54 million for the quarter, compared to the consensus estimate of $198.00 million. Texas Pacific Land had a return on equity of 39.47% and a net margin of 62.16%.

Texas Pacific Land Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Texas Pacific Land's payout ratio is 31.90%.

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.