Czech National Bank Purchases Shares of 4,085 Texas Pacific Land Co. (NYSE:TPL)

Czech National Bank acquired a new stake in Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,085 shares of the financial services provider’s stock, valued at approximately $4,518,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its position in shares of Texas Pacific Land by 3.8% during the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock worth $674,727,000 after purchasing an additional 27,884 shares during the period. Geode Capital Management LLC grew its holdings in shares of Texas Pacific Land by 21.5% during the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after buying an additional 81,974 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of Texas Pacific Land during the second quarter worth about $131,014,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Pacific Land by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,418 shares of the financial services provider’s stock worth $120,694,000 after acquiring an additional 1,984 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Texas Pacific Land by 8.5% in the second quarter. Dimensional Fund Advisors LP now owns 126,156 shares of the financial services provider’s stock valued at $92,632,000 after purchasing an additional 9,878 shares in the last quarter. Institutional investors own 59.94% of the company’s stock.

Insider Activity

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 value 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 document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have purchased 86 shares of company stock worth $113,145. 6.50% of the stock is currently owned by corporate insiders.

Texas Pacific Land Price Performance

Shares of Texas Pacific Land stock opened at $1,376.52 on Thursday. The firm has a market cap of $31.63 billion, a PE ratio of 70.63 and a beta of 1.68. Texas Pacific Land Co. has a 1 year low of $467.62 and a 1 year high of $1,769.14. The stock has a fifty day moving average price of $1,321.94 and a 200-day moving average price of $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 given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 0.46%. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. The ex-dividend date was Monday, December 2nd. Texas Pacific Land’s dividend payout ratio is 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.