U.S. Capital Wealth Advisors LLC Takes Position in Texas Pacific Land Corporation (NYSE:TPL)

U.S. Capital Wealth Advisors LLC acquired a new position in Texas Pacific Land Corporation (NYSE:TPL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,391 shares of the financial services provider's stock, valued at approximately $3,168,000.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of Texas Pacific Land by 108.3% in the fourth quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock worth $28,000 after purchasing an additional 13 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Texas Pacific Land by 110.0% during the first quarter. Golden State Wealth Management LLC now owns 21 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 11 shares during the last quarter. Assetmark Inc. bought a new stake in Texas Pacific Land during the fourth quarter valued at $29,000. Atala Financial Inc bought a new stake in Texas Pacific Land during the fourth quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Texas Pacific Land by 175.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 33 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Down 0.6%

TPL traded down $5.96 during trading on Friday, reaching $1,045.07. 109,702 shares of the stock traded hands, compared to its average volume of 147,313. The stock has a market capitalization of $24.03 billion, a PE ratio of 52.28 and a beta of 1.08. The stock's 50-day moving average is $1,173.20 and its 200 day moving average is $1,260.19. 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 issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $5.24 EPS for the quarter, missing analysts' consensus estimates of $5.27 by ($0.03). The firm had revenue of $195.98 million for 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 company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.60 per share. The ex-dividend date was Monday, June 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 0.61%. Texas Pacific Land's dividend payout ratio (DPR) is currently 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.