Sentry Investment Management LLC Makes New Investment in Texas Pacific Land Co. (NYSE:TPL)

Sentry Investment Management LLC purchased a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 79 shares of the financial services provider’s stock, valued at approximately $87,000.

Several other large investors have also made changes to their positions in the company. Hilltop Holdings Inc. lifted its stake in Texas Pacific Land by 290.3% in the third quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock valued at $1,606,000 after acquiring an additional 1,350 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Texas Pacific Land by 63.5% during the 3rd quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock valued at $2,634,000 after purchasing an additional 1,156 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Texas Pacific Land by 5.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock valued at $7,864,000 after purchasing an additional 431 shares during the last quarter. Biltmore Family Office LLC bought a new stake in Texas Pacific Land in the third quarter worth $337,000. Finally, Everence Capital Management Inc. acquired a new position in Texas Pacific Land during the fourth quarter worth $641,000. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

NYSE TPL opened at $1,358.59 on Friday. Texas Pacific Land Co. has a fifty-two week low of $493.40 and a fifty-two week high of $1,769.14. The stock’s 50-day moving average is $1,300.20 and its two-hundred day moving average is $1,165.06. The firm has a market cap of $31.23 billion, a P/E ratio of 68.89 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share for the quarter. The business had revenue of $185.78 million for the quarter. Texas Pacific Land had a return on equity of 40.23% and a net margin of 64.32%.

Texas Pacific Land Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 3rd. Texas Pacific Land’s payout ratio is 32.45%.

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.