<div id="readability-page-1"><p>Herold Advisors Inc. acquired a new stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 330 shares of the financial services provider's stock, valued at approximately $242,000.</p><div><p><span></span><span>Get <strong>Texas Pacific Land</strong> alerts:</span></p></div><ul><li>Can Texas Pacific Land Corp. Continue its Meteoric Rise?</li></ul><p>Several other institutional investors also recently modified their holdings of TPL. New York State Teachers Retirement System bought a new position in Texas Pacific Land during the 2nd quarter valued at about $8,811,000. Louisiana State Employees Retirement System purchased a new stake in Texas Pacific Land in the second quarter worth approximately $3,892,000. American National Bank bought a new stake in Texas Pacific Land in the 2nd quarter worth approximately $42,000. Fifth Third Wealth Advisors LLC bought a new stake in Texas Pacific Land in the 2nd quarter worth approximately $408,000. Finally, Nisa Investment Advisors LLC raised its stake in Texas Pacific Land by 505.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,743 shares of the financial services provider's stock valued at $2,748,000 after buying an additional 3,125 shares during the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several brokerages recently commented on TPL. StockNews.com lowered Texas Pacific Land from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, June 18th. BWS Financial restated a &#34;buy&#34; rating and set a $917.00 price target on shares of Texas Pacific Land in a research note on Monday, August 12th.</p><p><b>View Our Latest Stock Analysis on TPL</b></p><h2>Texas Pacific Land Stock Performance</h2><p>Shares of TPL stock traded up $29.08 during mid-day trading on Friday, reaching $859.01. 77,398 shares of the company's stock traded hands, compared to its average volume of 105,902. The firm has a market capitalization of $19.75 billion, a PE ratio of 45.77 and a beta of 1.63. Texas Pacific Land Co. has a 12 month low of $467.62 and a 12 month high of $861.45. The firm has a 50 day moving average price of $791.52 and a two-hundred day moving average price of $649.33. </p><p>Texas Pacific Land (NYSE:TPL - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.36 by ($0.38). Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. The company had revenue of $172.33 million for the quarter, compared to the consensus estimate of $182.35 million. During the same period in the prior year, the firm posted $4.35 EPS. As a group, equities analysts expect that Texas Pacific Land Co. will post 20.14 earnings per share for the current fiscal year. </p><h2>Texas Pacific Land Dividend Announcement</h2><p>The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, September 3rd. Texas Pacific Land's dividend payout ratio is currently 24.88%. </p><h2>Texas Pacific Land Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Texas Pacific Land</li><li>What Does Downgrade Mean in Investing?</li><li>CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>3 High Short-Interest Stocks Poised for a Rate Cut Squeeze</li><li>What Are Dividend Champions? How to Invest in the Champions</li><li>MarketBeat Week in Review – 8/19 - 8/23</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRQTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRQTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>Herold Advisors Inc. invested $104,000 in Texas Pacific Land Co. (NYSE:TPL) during Q2, acquiring 330 shares. Other institutional investors also made significant investments in TPL during this period. Analysts have commented on the stock, with StockNews.com lowering the rating from "buy" to "hold". TPL shares saw a modest increase, reaching $1,189.01, with a market cap of $5.75 billion and a PE ratio of 45.77. The company declared a quarterly dividend of $0.17 per share, with an ex-dividend date set for September 3.</p>

Herold Advisors Inc. Invests $242,000 in Texas Pacific Land Co. (NYSE:TPL)