Texas Pacific Land Co. (NYSE:TPL) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,496 shares of the financial services provider’s stock after buying an additional 107 shares during the quarter. Janus Henderson Group PLC’s holdings in Texas Pacific Land were worth $1,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Texas Pacific Land during the 3rd quarter valued at about $25,000. American National Bank acquired a new stake in Texas Pacific Land in the second quarter valued at approximately $42,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Texas Pacific Land in the third quarter valued at approximately $44,000. Quest Partners LLC acquired a new position in shares of Texas Pacific Land during the 3rd quarter worth approximately $50,000. Finally, Signaturefd LLC lifted its position 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 valued at $80,000 after buying an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Insider Buying and Selling

In related news, CAO Stephanie Buffington sold 210 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now directly owns 584 shares in the company, valued at approximately $810,784.72. The trade was a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 117 shares of company stock worth $139,646 in the last 90 days. Insiders own 6.50% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of NYSE TPL opened at $1,198.97 on Friday. The firm has a fifty day moving average of $1,274.68 and a 200 day moving average of $962.43. The firm has a market cap of $27.55 billion, a PE ratio of 61.52 and a beta of 1.62. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $1,769.14.

Texas Pacific Land Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid 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 dividend yield of 0.53%. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. Texas Pacific Land’s payout ratio is currently 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.