Texas Pacific Land Co. (NYSE:TPL) Shares Bought by Barclays PLC

Barclays PLC increased its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,892 shares of the financial services provider's stock after buying an additional 1,152 shares during the period. Barclays PLC owned 0.09% of Texas Pacific Land worth $17,600,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TPL. Capital Performance Advisors LLP purchased a new stake in shares of Texas Pacific Land during the 3rd quarter worth about $25,000. American National Bank purchased a new position in Texas Pacific Land during the second quarter worth approximately $42,000. Compagnie Lombard Odier SCmA acquired a new stake in Texas Pacific Land in the third quarter valued at approximately $44,000. Quest Partners LLC acquired a new stake in Texas Pacific Land in the third quarter valued at approximately $50,000. Finally, Signaturefd LLC increased its position 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 valued at $80,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company's stock.

Texas Pacific Land Stock Performance

Shares of NYSE:TPL traded up $2.11 during midday trading on Friday, reaching $1,198.97. 125,654 shares of the company's stock traded hands, compared to its average volume of 436,024. The company has a fifty day simple moving average of $1,274.68 and a two-hundred day simple moving average of $967.32. Texas Pacific Land Co. has a 1 year low of $467.62 and a 1 year high of $1,769.14. The company has a market cap of $27.55 billion, a P/E ratio of 61.52 and a beta of 1.62.

Texas Pacific Land Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $1.60 dividend. This is a positive change from Texas Pacific Land's previous quarterly dividend of $1.17. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.40 annualized dividend and a dividend yield of 0.53%. Texas Pacific Land's dividend payout ratio (DPR) is 32.84%.

Insider Transactions at Texas Pacific Land

In other 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased 117 shares of company stock valued at $139,646 over the last 90 days. Corporate insiders own 6.50% of the company's stock.

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.