Compass Ion Advisors LLC Has $4.77 Million Holdings in Texas Pacific Land Co. (NYSE:TPL)

Compass Ion Advisors LLC grew its stake in Texas Pacific Land Co. (NYSE:TPL) by 200.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,239 shares of the financial services provider’s stock after buying an additional 5,493 shares during the period. Texas Pacific Land accounts for about 0.7% of Compass Ion Advisors LLC’s holdings, making the stock its 22nd largest position. Compass Ion Advisors LLC’s holdings in Texas Pacific Land were worth $4,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hodges Capital Management Inc. lifted its position in Texas Pacific Land by 130.9% in the first quarter. Hodges Capital Management Inc. now owns 77,137 shares of the financial services provider’s stock worth $44,625,000 after purchasing an additional 43,726 shares during the period. First Dallas Securities Inc. raised its stake in shares of Texas Pacific Land by 196.3% in the 1st quarter. First Dallas Securities Inc. now owns 28,935 shares of the financial services provider’s stock valued at $16,739,000 after buying an additional 19,171 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Texas Pacific Land by 157,150.0% during the 4th quarter. International Assets Investment Management LLC now owns 15,725 shares of the financial services provider’s stock worth $24,727,000 after acquiring an additional 15,715 shares during the period. Westwind Capital boosted its position in shares of Texas Pacific Land by 207.2% during the 1st quarter. Westwind Capital now owns 15,322 shares of the financial services provider’s stock valued at $8,871,000 after acquiring an additional 10,335 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Texas Pacific Land by 106.5% in the fourth quarter. First Trust Advisors LP now owns 19,495 shares of the financial services provider’s stock valued at $30,655,000 after acquiring an additional 10,056 shares during the period. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 0.1 %

Shares of Texas Pacific Land stock opened at $734.27 on Monday. Texas Pacific Land Co. has a 12-month low of $429.56 and a 12-month high of $799.46. The stock has a market capitalization of $16.88 billion, a P/E ratio of 39.04 and a beta of 1.63. The company has a 50-day simple moving average of $643.61 and a 200 day simple moving average of $570.34.

Texas Pacific Land (NYSE:TPL) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.58 by $0.39. Texas Pacific Land had a return on equity of 43.16% and a net margin of 65.74%. The business had revenue of $174.14 million for the quarter, compared to the consensus estimate of $158.20 million. On average, equities analysts anticipate that Texas Pacific Land Co. will post 21.2 earnings per share for the current year.

Texas Pacific Land Announces Dividend

The business also recently declared a None dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a $10.00 dividend. The ex-dividend date is Monday, July 1st. Texas Pacific Land’s dividend payout ratio is currently 24.88%.

Analyst Ratings Changes

A number of research analysts have commented on TPL shares. BWS Financial restated a “buy” rating and set a $917.00 price target on shares of Texas Pacific Land in a research note on Friday, May 10th. StockNews.com downgraded Texas Pacific Land from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th.

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.