First National Bank of Omaha Buys Shares of 288 Texas Pacific Land Co. (NYSE:TPL)

First National Bank of Omaha bought a new position in shares of Texas Pacific Land Co. (NYSE:TPL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 288 shares of the financial services provider’s stock, valued at approximately $255,000.

Several other institutional investors also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new stake in Texas Pacific Land during the 3rd quarter worth $25,000. American National Bank acquired a new stake in shares of Texas Pacific Land during the second quarter valued at about $42,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Texas Pacific Land during the third quarter worth about $44,000. Quest Partners LLC acquired a new position in shares of Texas Pacific Land in the third quarter valued at approximately $50,000. Finally, Signaturefd LLC increased its stake in shares of Texas Pacific Land by 16.9% in the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after buying an additional 13 shares during the period. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and set a $917.00 target price on shares of Texas Pacific Land in a report on Monday, August 12th.

Texas Pacific Land Trading Down 1.0 %

Shares of TPL opened at $1,324.60 on Tuesday. The stock’s 50-day moving average price is $1,252.58 and its two-hundred day moving average price is $950.08. Texas Pacific Land Co. has a 12 month low of $467.62 and a 12 month high of $1,769.14. The company has a market capitalization of $30.44 billion, a PE ratio of 67.96 and a beta of 1.62.

Texas Pacific Land Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.60 dividend. This is a positive change 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 0.48%. The ex-dividend date of this dividend is Monday, December 2nd. Texas Pacific Land’s payout ratio is currently 32.84%.

Insider Activity at Texas Pacific Land

In related news, CAO Stephanie Buffington sold 210 shares of the business’s stock in a transaction on 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 transaction, the chief accounting officer now owns 584 shares in the company, valued at $810,784.72. The trade was a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 117 shares of company stock worth $136,481 over the last ninety days. Insiders own 6.50% of the company’s stock.

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.