Texas Pacific Land Co. (NYSE:TPL) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,888 shares of the financial services provider's stock after acquiring an additional 431 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Texas Pacific Land were worth $7,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MML Investors Services LLC raised its holdings in shares of Texas Pacific Land by 175.6% in the 3rd quarter. MML Investors Services LLC now owns 1,527 shares of the financial services provider's stock valued at $1,351,000 after buying an additional 973 shares during the period. First National Bank of Omaha acquired a new stake in shares of Texas Pacific Land during the third quarter worth about $255,000. EP Wealth Advisors LLC acquired a new position in shares of Texas Pacific Land in the third quarter valued at approximately $900,000. State Street Corp increased its stake in Texas Pacific Land by 3.8% during the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider's stock worth $674,727,000 after buying an additional 27,884 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of Texas Pacific Land by 63.5% in the third quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider's stock valued at $2,634,000 after acquiring an additional 1,156 shares in the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Up 0.2 %

Texas Pacific Land stock traded up $2.11 during trading on Friday, reaching $1,198.97. The stock had a trading volume of 124,070 shares, compared to its average volume of 131,884. The business has a 50 day moving average price of $1,270.33 and a 200 day moving average price of $958.35. The stock has a market cap of $27.55 billion, a PE ratio of 61.47 and a beta of 1.62. Texas Pacific Land Co. has a 52-week low of $467.62 and a 52-week high of $1,769.14.

Texas Pacific Land Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.40 dividend on an annualized basis and a yield of 0.53%. This is a boost from Texas Pacific Land's previous quarterly dividend of $1.17. Texas Pacific Land's dividend payout ratio (DPR) is presently 32.84%.

Insider Transactions at Texas Pacific Land

In related news, CAO Stephanie Buffington sold 210 shares of the stock in a transaction on 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 sale, the chief accounting officer now owns 584 shares in the company, valued at $810,784.72. This represents a 26.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders purchased 117 shares of company stock worth $139,646. 6.50% of the stock is currently owned by insiders.

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.