Atomi Financial Group Inc. Purchases Shares of 308 Texas Pacific Land Co. (NYSE:TPL)

Atomi Financial Group Inc. purchased a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) during the 4th quarter, HoldingsChannel reports. The firm purchased 308 shares of the financial services provider’s stock, valued at approximately $341,000.

Several other large investors have also added to or reduced their stakes in TPL. Sei Investments Co. grew its stake in Texas Pacific Land by 14.2% during the 2nd quarter. Sei Investments Co. now owns 901 shares of the financial services provider’s stock valued at $662,000 after purchasing an additional 112 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Texas Pacific Land in the 2nd quarter valued at about $3,303,000. ProShare Advisors LLC acquired a new position in shares of Texas Pacific Land in the 2nd quarter valued at about $645,000. Public Sector Pension Investment Board lifted its holdings in shares of Texas Pacific Land by 1.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,697 shares of the financial services provider’s stock valued at $1,980,000 after buying an additional 51 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Texas Pacific Land by 21.6% in the 2nd quarter. Bank of Montreal Can now owns 6,419 shares of the financial services provider’s stock valued at $4,871,000 after buying an additional 1,141 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Insider Buying and Selling

In related news, CAO Stephanie Buffington sold 210 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total value of $291,549.30. Following the completion of the transaction, the chief accounting officer now owns 584 shares of the company’s stock, valued at approximately $810,784.72. This represents a 26.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders acquired 78 shares of company stock valued at $105,810. 6.50% of the stock is owned by company insiders.

Texas Pacific Land Stock Down 3.0 %

Shares of TPL stock opened at $1,363.14 on Friday. The stock has a market cap of $31.33 billion, a PE ratio of 69.94 and a beta of 1.68. The business has a 50-day simple moving average of $1,327.04 and a 200-day simple moving average of $1,077.42. Texas Pacific Land Co. has a 52-week low of $467.62 and a 52-week high of $1,769.14.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter. The business had revenue of $173.56 million during the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%. During the same period last year, the firm earned $4.58 EPS.

Texas Pacific Land Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $1.60 dividend. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. The ex-dividend date was Monday, December 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 0.47%. Texas Pacific Land’s dividend payout ratio is presently 32.84%.

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.