New Age Alpha Advisors LLC Sells 512 Shares of Texas Pacific Land Corporation (NYSE:TPL)

New Age Alpha Advisors LLC reduced its stake in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 18.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,312 shares of the financial services provider's stock after selling 512 shares during the quarter. New Age Alpha Advisors LLC's holdings in Texas Pacific Land were worth $3,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in TPL. Toronto Dominion Bank grew its position in shares of Texas Pacific Land by 173.6% in the 4th quarter. Toronto Dominion Bank now owns 6,364 shares of the financial services provider's stock worth $7,038,000 after buying an additional 4,038 shares during the period. Spring Capital Management LLC bought a new stake in Texas Pacific Land in the 1st quarter worth about $5,008,000. ProShare Advisors LLC raised its holdings 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 valued at $4,059,000 after purchasing an additional 2,849 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in Texas Pacific Land by 4.8% during the first quarter. AustralianSuper Pty Ltd now owns 8,591 shares of the financial services provider's stock valued at $11,383,000 after purchasing an additional 391 shares during the period. Finally, Golden State Wealth Management LLC raised its stake 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 valued at $28,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Down 0.4%

Shares of Texas Pacific Land stock traded down $3.87 during trading hours on Friday, reaching $863.59. 160,188 shares of the stock traded hands, compared to its average volume of 168,122. Texas Pacific Land Corporation has a one year low of $766.51 and a one year high of $1,769.14. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 43.05 and a beta of 1.14. The company has a 50 day moving average price of $1,031.57 and a 200 day moving average price of $1,219.38.

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

Texas Pacific Land Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $1.60 dividend. This represents a $6.40 annualized dividend 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.