TPL
Apollon’s been shopping
Apollon Wealth Management LLC just told the market it boosted its Texas Pacific Land position by 200.9% in the fourth quarter, adding 2,716 shares to reach 4,068 shares worth about $1.17 million at quarter-end. Not exactly a “we’re bored and clicked buy” move — this is a meaningful jump in conviction.
Why you should care
Texas Pacific Land isn’t your average widget maker. It’s one of those delightfully strange businesses that makes money from West Texas land and mineral rights, which means investors tend to watch it for cash flow, discipline, and how much the market is willing to pay for scarcity. A bigger institutional stake can be a small but useful signal that the thesis still has legs.
There’s more than just the filing
The article also flags that TPL recently:
- reported quarterly revenue of $211.6 million versus $204 million expected
- raised its quarterly dividend to $0.60 from $0.53
- now sports an annualized dividend of $2.40, or roughly a 0.6% yield
That’s a nice little combo platter: steady income, solid profitability, and at least one investor out there saying, “Yes, please, more of that.”
Big picture
A single 13F filing won’t move the earth, but it does remind you that Texas Pacific Land keeps attracting attention from serious money. And when a quirky land-and-royalties story is pairing that with a dividend hike, it’s not exactly the kind of name people forget about after lunch.