B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 447 Texas Pacific Land Co. (NYSE:TPL)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Texas Pacific Land Co. (NYSE:TPL - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 447 shares of the financial services provider's stock, valued at approximately $395,000.

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

Insider Activity

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 584 shares in the company, valued at $810,784.72. This trade represents a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have bought 114 shares of company stock worth $120,929. Company insiders own 6.50% of the company's stock.

Texas Pacific Land Stock Performance

Shares of TPL traded down $116.90 during trading hours on Monday, reaching $1,613.10. 4,569,717 shares of the company traded hands, compared to its average volume of 126,163. Texas Pacific Land Co. has a 1-year low of $467.62 and a 1-year high of $1,769.14. The stock has a market cap of $37.06 billion, a P/E ratio of 82.77 and a beta of 1.56. The stock's fifty day moving average is $1,135.75 and its 200 day moving average is $888.07.

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 issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Monday, December 2nd. This is a positive change from Texas Pacific Land's previous quarterly dividend of $1.17. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.84%.

Analyst Ratings Changes

Separately, BWS Financial reissued a "buy" rating and issued a $917.00 price objective on shares of Texas Pacific Land in a research report on Monday, August 12th.

About Texas Pacific Land

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.