Integrated Wealth Concepts LLC Buys 282 Shares of Texas Pacific Land Co. (NYSE:TPL)

Integrated Wealth Concepts LLC boosted its stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 12.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,480 shares of the financial services provider's stock after buying an additional 282 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Texas Pacific Land were worth $2,742,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TPL. Bessemer Group Inc. grew its position in shares of Texas Pacific Land by 108.3% during the 4th quarter. Bessemer Group Inc. now owns 25 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 13 shares during the period. Assetmark Inc. bought a new position in Texas Pacific Land during the fourth quarter valued at $29,000. Atala Financial Inc purchased a new stake in Texas Pacific Land in the fourth quarter worth $31,000. TD Waterhouse Canada Inc. raised its stake in shares of Texas Pacific Land by 45.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 48 shares of the financial services provider's stock valued at $53,000 after buying an additional 15 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Texas Pacific Land during the 4th quarter valued at $66,000. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Up 1.7 %

TPL traded up $21.66 during trading hours on Thursday, hitting $1,310.53. The stock had a trading volume of 108,392 shares, compared to its average volume of 153,854. The stock has a market cap of $30.12 billion, a PE ratio of 66.46 and a beta of 1.44. The company's fifty day simple moving average is $1,302.43 and its 200 day simple moving average is $1,297.99. Texas Pacific Land Co. has a 1 year low of $555.71 and a 1 year high of $1,769.14.

Texas Pacific Land (NYSE:TPL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%. The firm had revenue of $185.78 million for the quarter.

Texas Pacific Land Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.60 dividend. The ex-dividend date was Monday, March 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.49%. Texas Pacific Land's dividend payout ratio (DPR) is currently 32.45%.

Insider Activity at Texas Pacific Land

In related news, CFO Chris Steddum sold 214 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $1,313.99, for a total value of $281,193.86. Following the sale, the chief financial officer now owns 3,502 shares in the company, valued at approximately $4,601,592.98. This trade represents a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Micheal W. Dobbs sold 1,150 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,271.52, for a total value of $1,462,248.00. Following the transaction, the vice president now directly owns 1,393 shares of the company's stock, valued at $1,771,227.36. The trade was a 45.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 95 shares of company stock valued at $124,165. Corporate insiders own 6.50% of the company's stock.

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.