Villere ST Denis J & Co. LLC Has $969,000 Stake in Texas Pacific Land Corporation $TPL

Villere ST Denis J & Co. LLC grew its position in shares of Texas Pacific Land Corporation (NYSE:TPL) by 200.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,375 shares of the financial services provider’s stock after buying an additional 2,250 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Texas Pacific Land were worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its holdings in shares of Texas Pacific Land by 123.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 11,909 shares of the financial services provider’s stock valued at $3,421,000 after buying an additional 6,586 shares during the last quarter. Cortland Associates Inc. MO lifted its holdings in shares of Texas Pacific Land by 191.5% during the 4th quarter. Cortland Associates Inc. MO now owns 43,157 shares of the financial services provider’s stock valued at $12,396,000 after buying an additional 28,354 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Texas Pacific Land by 20,072.4% during the 4th quarter. M&T Bank Corp now owns 155,529 shares of the financial services provider’s stock valued at $44,671,000 after buying an additional 154,758 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its holdings in shares of Texas Pacific Land by 217.4% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 768 shares of the financial services provider’s stock valued at $221,000 after buying an additional 526 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Texas Pacific Land by 226.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 18,450 shares of the financial services provider’s stock valued at $5,301,000 after buying an additional 12,794 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Stephanie Buffington sold 1,608 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $503.00, for a total transaction of $808,824.00. Following the completion of the transaction, the chief accounting officer directly owned 2,133 shares in the company, valued at $1,072,899. The trade was a 42.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna E. Epps purchased 895 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average price of $510.45 per share, with a total value of $456,852.75. Following the completion of the acquisition, the director owned 2,921 shares of the company’s stock, valued at approximately $1,491,024.45. The trade was a 44.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 6.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TPL has been the subject of several research reports. Wall Street Zen upgraded Texas Pacific Land from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. KeyCorp boosted their target price on Texas Pacific Land from $350.00 to $639.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Zacks Research upgraded Texas Pacific Land from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Texas Pacific Land in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Texas Pacific Land has a consensus rating of “Moderate Buy” and a consensus target price of $639.00.

Texas Pacific Land Stock Performance

TPL opened at $439.99 on Thursday. The business has a 50 day moving average price of $481.52 and a 200 day moving average price of $372.90. Texas Pacific Land Corporation has a twelve month low of $269.23 and a twelve month high of $547.20. The firm has a market cap of $30.33 billion, a P/E ratio of 63.07 and a beta of 0.76.

Texas Pacific Land (NYSE:TPL) last posted its earnings results on Wednesday, February 18th. The financial services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.06. Texas Pacific Land had a return on equity of 36.18% and a net margin of 60.31%.The firm had revenue of $211.60 million during the quarter, compared to analyst estimates of $204.00 million. As a group, analysts anticipate that Texas Pacific Land Corporation will post 9.27 earnings per share for the current fiscal year.

Texas Pacific Land Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Texas Pacific Land’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, March 2nd. Texas Pacific Land’s dividend payout ratio is presently 34.38%.

Texas Pacific Land Profile

Texas Pacific Land Corporation (NYSE: TPL) is a Texas-based land management company that derives revenue from the ownership and stewardship of large tracts of land and associated mineral rights in West Texas. The company’s origins trace to 19th century land grants associated with the Texas and Pacific Railway; over time those grant holdings have been retained and managed as a standalone corporate asset base. Texas Pacific Land is publicly listed and operates as a landowner and resource manager rather than as a traditional oil and gas producer.

The company’s primary activities include management of surface rights and leasing of land for energy and other commercial uses, administration of mineral royalty interests, and provision of water and related services to industrial customers.