Teachers Retirement System of The State of Kentucky Has $5.35 Million Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Teachers Retirement System of The State of Kentucky lifted its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 17.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,050 shares of the financial services provider’s stock after purchasing an additional 915 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Texas Pacific Land were worth $5,353,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Texas Pacific Land

In other news, CAO Stephanie Buffington sold 210 shares of the business’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 transaction, the chief accounting officer now directly owns 584 shares of the company’s stock, valued at $810,784.72. The trade was a 26.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have bought 117 shares of company stock worth $139,646. Company insiders own 6.50% of the company’s stock.

Texas Pacific Land Trading Down 0.7 %

NYSE TPL opened at $1,198.09 on Friday. Texas Pacific Land Co. has a 12 month low of $467.62 and a 12 month high of $1,769.14. The firm has a market capitalization of $27.53 billion, a PE ratio of 61.47 and a beta of 1.62. The business’s 50-day moving average price is $1,270.33 and its two-hundred day moving average price is $958.35.

Texas Pacific Land Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.60 per share. This is a positive change 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 annualized dividend and a yield of 0.53%. Texas Pacific Land’s dividend payout ratio (DPR) is presently 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.