Dynamic Technology Lab Private Ltd Purchases Shares of 343 Texas Pacific Land Co. (NYSE:TPL)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Texas Pacific Land Co. (NYSE:TPL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 343 shares of the financial services provider’s stock, valued at approximately $304,000.

Several other large investors also recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in Texas Pacific Land in the third quarter worth $25,000. American National Bank bought a new position in shares of Texas Pacific Land during the 2nd quarter worth about $42,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Pacific Land in the 2nd quarter valued at about $44,000. Compagnie Lombard Odier SCmA bought a new stake in Texas Pacific Land in the 3rd quarter valued at about $44,000. Finally, Quest Partners LLC acquired a new position in Texas Pacific Land during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Insiders Place Their Bets

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of Texas Pacific Land stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the transaction, the chief accounting officer now directly owns 584 shares of the company’s stock, valued at $810,784.72. The trade was a 26.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 114 shares of company stock valued at $125,642. Corporate insiders own 6.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and set a $917.00 price objective on shares of Texas Pacific Land in a report on Monday, August 12th.

Texas Pacific Land Trading Down 2.2 %

Texas Pacific Land stock opened at $1,600.09 on Monday. The firm’s fifty day moving average price is $1,192.55 and its two-hundred day moving average price is $914.09. The firm has a market capitalization of $36.77 billion, a price-to-earnings ratio of 82.10 and a beta of 1.56. Texas Pacific Land Co. has a 1-year low of $467.62 and a 1-year high of $1,769.14.

Texas Pacific Land Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 0.40%. This is an increase from Texas Pacific Land’s previous quarterly dividend of $1.17. Texas Pacific Land’s payout ratio is 24.01%.

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.