Barclays PLC Acquires 1,152 Shares of Texas Pacific Land Co. (NYSE:TPL)

Barclays PLC boosted its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,892 shares of the financial services provider’s stock after acquiring an additional 1,152 shares during the quarter. Barclays PLC owned 0.09% of Texas Pacific Land worth $17,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TPL. Capital Performance Advisors LLP bought a new stake in shares of Texas Pacific Land in the third quarter worth $25,000. American National Bank bought a new stake in shares of Texas Pacific Land in the 2nd quarter valued at about $42,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Texas Pacific Land in the third quarter valued at about $44,000. Quest Partners LLC acquired a new stake in shares of Texas Pacific Land in the third quarter valued at about $50,000. Finally, Signaturefd LLC lifted its stake in shares of Texas Pacific Land by 16.9% in the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 13 shares during the period. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of Texas Pacific Land stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total value of $291,549.30. Following the completion of the sale, the chief accounting officer now directly owns 584 shares in the company, valued at approximately $810,784.72. The trade was a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought 117 shares of company stock valued at $139,646 over the last quarter. Insiders own 6.50% of the company’s stock.

Texas Pacific Land Price Performance

Shares of TPL stock opened at $1,198.97 on Friday. The stock has a market capitalization of $27.55 billion, a PE ratio of 61.52 and a beta of 1.62. The business’s 50 day simple moving average is $1,274.68 and its 200 day simple moving average is $964.84. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $1,769.14.

Texas Pacific Land Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $1.60 per share. The ex-dividend date is Monday, December 2nd. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. This represents a $6.40 annualized dividend and a dividend yield of 0.53%. Texas Pacific Land’s dividend payout ratio 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.