Nisa Investment Advisors LLC Purchases 377 Shares of Texas Pacific Land Corporation (NYSE:TPL)

Nisa Investment Advisors LLC boosted its position in shares of Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 21.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,152 shares of the financial services provider's stock after buying an additional 377 shares during the quarter. Nisa Investment Advisors LLC's holdings in Texas Pacific Land were worth $2,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPL. Bessemer Group Inc. raised its holdings in Texas Pacific Land by 108.3% in the 4th quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock worth $28,000 after purchasing an additional 13 shares in the last quarter. Golden State Wealth Management LLC grew its position 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 purchasing an additional 11 shares during the last quarter. Assetmark Inc. purchased a new stake in Texas Pacific Land during the 4th quarter valued at about $29,000. Atala Financial Inc purchased a new stake in Texas Pacific Land during the 4th quarter valued at about $31,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Texas Pacific Land by 175.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 33 shares of the financial services provider's stock worth $44,000 after acquiring an additional 21 shares during the period. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Stock Down 0.6%

TPL traded down $5.96 during mid-day trading on Friday, reaching $1,045.07. 109,702 shares of the company traded hands, compared to its average volume of 147,464. Texas Pacific Land Corporation has a 52-week low of $736.75 and a 52-week high of $1,769.14. The company's fifty day moving average price is $1,173.20 and its 200-day moving average price is $1,260.88. The stock has a market capitalization of $24.03 billion, a P/E ratio of 52.28 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 for the quarter, missing the consensus estimate of $5.27 by ($0.03). The company 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. Investors of record on Monday, June 2nd were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 0.61%. The ex-dividend date was Monday, June 2nd. Texas Pacific Land's dividend payout ratio is currently 32.02%.

About Texas Pacific Land

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.