Czech National Bank Acquires Shares of 4,085 Texas Pacific Land Co. (NYSE:TPL)

Czech National Bank purchased a new stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,085 shares of the financial services provider's stock, valued at approximately $4,518,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in shares of Texas Pacific Land during the third quarter worth about $25,000. Compagnie Lombard Odier SCmA purchased a new position in Texas Pacific Land in the 3rd quarter worth approximately $44,000. Quest Partners LLC purchased a new stake in shares of Texas Pacific Land during the 3rd quarter valued at $50,000. Signaturefd LLC lifted its holdings in shares of Texas Pacific Land by 16.9% during the 3rd 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 last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Texas Pacific Land by 880.0% during the 3rd quarter. UMB Bank n.a. now owns 98 shares of the financial services provider's stock worth $87,000 after acquiring an additional 88 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Pacific Land

In related news, CAO Stephanie Buffington sold 210 shares of the business'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 transaction, the chief accounting officer now owns 584 shares in the company, valued at $810,784.72. The trade was a 26.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have purchased 87 shares of company stock worth $114,545. Company insiders own 6.50% of the company's stock.

Texas Pacific Land Price Performance

NYSE TPL traded up $20.81 during trading hours on Thursday, reaching $1,395.80. 125,796 shares of the stock traded hands, compared to its average volume of 150,770. The stock has a 50 day simple moving average of $1,322.86 and a two-hundred day simple moving average of $1,045.20. 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 $32.08 billion, a price-to-earnings ratio of 71.62 and a beta of 1.68.

Texas Pacific Land Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $1.60 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.40 annualized dividend and a dividend yield of 0.46%. This is an increase from Texas Pacific Land's previous quarterly dividend of $1.17. Texas Pacific Land's payout ratio is currently 32.84%.

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.