Sage Capital Advisors llc Buys Shares of 200 Texas Pacific Land Co. (NYSE:TPL)

Sage Capital Advisors llc purchased a new position in shares of Texas Pacific Land Co. (NYSE:TPL) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 200 shares of the financial services provider’s stock, valued at approximately $221,000.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Texas Pacific Land in the 3rd quarter valued at $25,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Texas Pacific Land during the 3rd quarter worth $44,000. Quest Partners LLC acquired a new stake in Texas Pacific Land in the third quarter valued at about $50,000. Signaturefd LLC grew its position in 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 acquiring an additional 13 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Texas Pacific Land by 880.0% during the third quarter. UMB Bank n.a. now owns 98 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of TPL traded up $22.79 during mid-day trading on Friday, reaching $1,298.73. The company had a trading volume of 75,497 shares, compared to its average volume of 139,165. The company’s 50 day simple moving average is $1,315.98 and its 200 day simple moving average is $1,026.90. The company has a market capitalization of $29.84 billion, a price-to-earnings ratio of 66.64 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.

Texas Pacific Land Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 0.49%. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. The ex-dividend date of this dividend was Monday, December 2nd. Texas Pacific Land’s dividend payout ratio is presently 32.84%.

Insider Activity at Texas Pacific Land

In related news, CAO Stephanie Buffington sold 210 shares of the stock in a transaction on 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 completion of the sale, the chief accounting officer now directly owns 584 shares in the company, valued at $810,784.72. This represents 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 90 shares of company stock valued at $116,844 in the last 90 days. 6.50% of the stock is owned by corporate insiders.

Texas Pacific Land 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.