Texas Pacific Land Co. (NYSE:TPL) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,888 shares of the financial services provider’s stock after buying an additional 431 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Texas Pacific Land were worth $7,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of Texas Pacific Land during the third quarter worth about $25,000. Compagnie Lombard Odier SCmA acquired a new position in Texas Pacific Land during the 3rd quarter valued at approximately $44,000. Quest Partners LLC purchased a new position in shares of Texas Pacific Land in the third quarter worth $50,000. American National Bank purchased a new stake in shares of Texas Pacific Land during the second quarter valued at $42,000. Finally, Signaturefd LLC increased its position in shares of Texas Pacific Land by 16.9% in the 3rd 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 period. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

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 transaction of $291,549.30. Following the completion of the transaction, the chief accounting officer now directly 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 document filed with the SEC, which is available at this hyperlink. Insiders have bought a total of 117 shares of company stock worth $139,646 over the last quarter. Insiders own 6.50% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of TPL opened at $1,198.09 on Friday. The stock has a 50-day moving average of $1,270.33 and a two-hundred day moving average of $958.35. The stock has a market cap of $27.53 billion, a P/E ratio of 61.47 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $1.60 per share. This is an increase from Texas Pacific Land’s previous quarterly dividend of $1.17. 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%. Texas Pacific Land’s payout ratio is 32.84%.

About Texas Pacific Land

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.