Larson Financial Group LLC Has $515,000 Stock Position in Texas Pacific Land Corporation (NYSE:TPL)

Larson Financial Group LLC grew its stake in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 12,866.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 389 shares of the financial services provider's stock after acquiring an additional 386 shares during the period. Larson Financial Group LLC's holdings in Texas Pacific Land were worth $515,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Riversedge Advisors LLC raised its holdings in shares of Texas Pacific Land by 2.2% during the first quarter. Riversedge Advisors LLC now owns 370 shares of the financial services provider's stock valued at $490,000 after purchasing an additional 8 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Texas Pacific Land by 42.1% in the 1st quarter. Allworth Financial LP now owns 27 shares of the financial services provider's stock valued at $36,000 after buying an additional 8 shares in the last quarter. Huntington National Bank boosted its stake in Texas Pacific Land by 2.8% in the 4th quarter. Huntington National Bank now owns 333 shares of the financial services provider's stock worth $368,000 after purchasing an additional 9 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Texas Pacific Land by 13.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 78 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 9 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Texas Pacific Land by 0.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,093 shares of the financial services provider's stock worth $2,773,000 after buying an additional 9 shares in the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Price Performance

NYSE TPL opened at $993.91 on Friday. The firm's 50-day moving average is $1,147.29 and its two-hundred day moving average is $1,256.18. Texas Pacific Land Corporation has a 12 month low of $736.75 and a 12 month high of $1,769.14. The stock has a market capitalization of $22.85 billion, a P/E ratio of 49.72 and a beta of 1.08.

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

Texas Pacific Land Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $1.60 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 0.64%. Texas Pacific Land's dividend payout ratio is currently 32.02%.

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.

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