Pittenger & Anderson Inc. Has $5.67 Million Stock Position in Texas Pacific Land Corporation (NYSE:TPL)

Pittenger & Anderson Inc. lifted its position in Texas Pacific Land Corporation (NYSE:TPL - Free Report) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,279 shares of the financial services provider's stock after buying an additional 441 shares during the period. Pittenger & Anderson Inc.'s holdings in Texas Pacific Land were worth $5,670,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Texas Pacific Land by 241,048.0% during the 1st quarter. GAMMA Investing LLC now owns 361,722 shares of the financial services provider's stock worth $479,278,000 after purchasing an additional 361,572 shares in the last quarter. Vanguard Group Inc. increased its holdings in Texas Pacific Land by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 2,350,380 shares of the financial services provider's stock worth $2,599,426,000 after purchasing an additional 260,278 shares in the last quarter. Invesco Ltd. increased its holdings in Texas Pacific Land by 203.4% during the 4th quarter. Invesco Ltd. now owns 299,578 shares of the financial services provider's stock worth $331,321,000 after purchasing an additional 200,841 shares in the last quarter. Geode Capital Management LLC increased its holdings in Texas Pacific Land by 34.5% during the 4th quarter. Geode Capital Management LLC now owns 622,115 shares of the financial services provider's stock worth $693,023,000 after purchasing an additional 159,597 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Texas Pacific Land by 943.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 121,055 shares of the financial services provider's stock worth $133,883,000 after purchasing an additional 109,455 shares in the last quarter. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Price Performance

TPL stock traded down $5.96 during trading hours on Friday, reaching $1,045.07. 109,702 shares of the stock were exchanged, compared to its average volume of 147,464. The company has a market cap of $24.03 billion, a price-to-earnings ratio of 52.28 and a beta of 1.08. The firm's 50-day moving average is $1,173.20 and its 200-day moving average is $1,260.88. Texas Pacific Land Corporation has a 12 month low of $736.75 and a 12 month high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Monday, June 2nd. 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.