Czech National Bank Invests $4.52 Million in Texas Pacific Land Co. (NYSE:TPL)

Czech National Bank bought a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, Holdings Channel.com reports. The firm bought 4,085 shares of the financial services provider’s stock, valued at approximately $4,518,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Texas Pacific Land in the third quarter valued at about $25,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Texas Pacific Land in the 3rd quarter worth about $44,000. Quest Partners LLC purchased a new stake in Texas Pacific Land during the 3rd quarter valued at $50,000. Signaturefd LLC increased its position 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 acquiring an additional 13 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Texas Pacific Land by 880.0% in the third quarter. UMB Bank n.a. now owns 98 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of NYSE TPL opened at $1,376.52 on Thursday. Texas Pacific Land Co. has a fifty-two week low of $467.62 and a fifty-two week high of $1,769.14. The company has a market cap of $31.63 billion, a price-to-earnings ratio of 70.63 and a beta of 1.68. The business’s 50 day moving average price is $1,321.94 and its 200-day moving average price is $1,042.87.

Texas Pacific Land Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $1.60 per share. This is a boost 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 0.46%. The ex-dividend date was Monday, December 2nd. Texas Pacific Land’s dividend payout ratio is 32.84%.

Insiders Place Their Bets

In related news, CAO Stephanie Buffington sold 210 shares of the firm’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 sale, 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 this hyperlink. Over the last ninety days, insiders bought 86 shares of company stock worth $113,145. 6.50% of the stock is owned by corporate insiders.

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.