GAMMA Investing LLC Buys 37 Shares of Texas Pacific Land Co. (NYSE:TPL)

GAMMA Investing LLC raised its stake in Texas Pacific Land Co. (NYSE:TPL) by 32.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 150 shares of the financial services provider’s stock after buying an additional 37 shares during the quarter. GAMMA Investing LLC’s holdings in Texas Pacific Land were worth $166,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. TD Asset Management Inc raised its stake in shares of Texas Pacific Land by 14.4% during the 2nd quarter. TD Asset Management Inc now owns 3,926 shares of the financial services provider’s stock worth $2,883,000 after acquiring an additional 495 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Texas Pacific Land by 3,070.7% during the 2nd quarter. National Bank of Canada FI now owns 2,378 shares of the financial services provider’s stock valued at $1,740,000 after purchasing an additional 2,303 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Texas Pacific Land by 51.0% in the 2nd quarter. Victory Capital Management Inc. now owns 14,617 shares of the financial services provider’s stock worth $10,733,000 after purchasing an additional 4,934 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Texas Pacific Land by 4.8% in the 2nd quarter. Private Advisor Group LLC now owns 3,630 shares of the financial services provider’s stock worth $2,665,000 after purchasing an additional 166 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Texas Pacific Land during the 2nd quarter worth $1,216,000. 59.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Stephanie Buffington sold 210 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the sale, the chief accounting officer now directly owns 584 shares of the company’s stock, valued at $810,784.72. This trade represents a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 92 shares of company stock valued at $118,601 over the last quarter. 6.50% of the stock is currently owned by company insiders.

Texas Pacific Land Stock Up 1.7 %

TPL opened at $1,279.22 on Thursday. The company has a market cap of $29.39 billion, a P/E ratio of 65.63 and a beta of 1.68. The firm’s 50-day moving average price is $1,313.70 and its 200-day moving average price is $1,025.14. Texas Pacific Land Co. has a 52-week low of $467.62 and a 52-week high of $1,769.14.

Texas Pacific Land Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $1.60 dividend. This is a positive change 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 0.50%. Texas Pacific Land’s dividend payout ratio (DPR) is 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.