1,100 Shares in Texas Pacific Land Co. (NYSE:TPL) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new position in Texas Pacific Land Co. (NYSE:TPL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,100 shares of the financial services provider's stock, valued at approximately $973,000.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Texas Pacific Land in the third quarter valued at approximately $25,000. American National Bank bought a new position in shares of Texas Pacific Land in the second quarter valued at approximately $42,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Texas Pacific Land in the second quarter valued at approximately $44,000. Compagnie Lombard Odier SCmA bought a new position in shares of Texas Pacific Land in the third quarter valued at approximately $44,000. Finally, Signaturefd LLC grew its holdings in Texas Pacific Land by 16.9% during the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 13 shares during the period. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Stock Performance

NYSE TPL traded down $5.22 on Thursday, hitting $1,361.20. 101,186 shares of the stock traded hands, compared to its average volume of 103,797. The business's fifty day moving average is $1,038.16 and its two-hundred day moving average is $838.85. Texas Pacific Land Co. has a 12 month low of $467.62 and a 12 month high of $1,421.22. The firm has a market capitalization of $31.28 billion, a price-to-earnings ratio of 69.84 and a beta of 1.56.

Texas Pacific Land Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $1.60 dividend. This is a positive change from Texas Pacific Land's previous quarterly dividend of $1.17. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, December 2nd. Texas Pacific Land's dividend payout ratio (DPR) is presently 24.01%.

Insider Transactions at Texas Pacific Land

In other news, CAO Stephanie Buffington sold 210 shares of the firm's stock in a transaction 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 transaction, 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 the SEC website. Insiders purchased 117 shares of company stock valued at $118,351 over the last three months. Company insiders own 6.50% of the company's stock.

Wall Street Analyst Weigh In

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

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.