Texas Pacific Land Co. (NYSE:TPL) Shares Purchased by Brave Asset Management Inc.

Brave Asset Management Inc. boosted its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 87.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 537 shares of the financial services provider's stock after acquiring an additional 250 shares during the quarter. Brave Asset Management Inc.'s holdings in Texas Pacific Land were worth $594,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Texas Pacific Land by 21.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock worth $76,000 after acquiring an additional 12 shares during the period. Signaturefd LLC grew its stake in Texas Pacific Land by 16.9% in the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider's stock worth $80,000 after purchasing an additional 13 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Texas Pacific Land by 3.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider's stock worth $390,000 after purchasing an additional 13 shares during the period. First Financial Bankshares Inc raised its position in Texas Pacific Land by 2.2% during the 3rd quarter. First Financial Bankshares Inc now owns 754 shares of the financial services provider's stock valued at $667,000 after purchasing an additional 16 shares in the last quarter. Finally, Peloton Wealth Strategists lifted its holdings in shares of Texas Pacific Land by 1.8% in the 3rd quarter. Peloton Wealth Strategists now owns 1,271 shares of the financial services provider's stock worth $1,125,000 after buying an additional 23 shares during the period. Institutional investors own 59.94% of the company's stock.

Insider Activity at Texas Pacific Land

In other 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 value of $291,549.30. Following the sale, the chief accounting officer now directly owns 584 shares in the company, valued at approximately $810,784.72. This trade represents a 26.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 87 shares of company stock valued at $114,545 over the last ninety days. 6.50% of the stock is owned by company insiders.

Texas Pacific Land Trading Up 1.5 %

Shares of Texas Pacific Land stock traded up $20.81 during trading on Thursday, hitting $1,395.80. 125,796 shares of the stock traded hands, compared to its average volume of 150,770. The stock's fifty day simple moving average is $1,322.86 and its 200 day simple moving average is $1,045.20. The firm has a market cap of $32.08 billion, a P/E ratio of 71.62 and a beta of 1.68. 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 firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, December 2nd. This is a boost from Texas Pacific Land's previous quarterly dividend of $1.17. Texas Pacific Land's dividend payout ratio is presently 32.84%.

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.