Texas Pacific Land Co. (NYSE:TPL) Director Murray Stahl Acquires 9 Shares

Texas Pacific Land Co. (NYSE:TPL) Director Murray Stahl acquired 9 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price of $1,402.75 per share, with a total value of $12,624.75. Following the completion of the acquisition, the director now owns 644,798 shares of the company’s stock, valued at $904,490,394.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Murray Stahl also recently made the following trade(s):

• On Monday, November 11th, Murray Stahl bought 3 shares of Texas Pacific Land stock. The stock was purchased at an average cost of $1,379.23 per share, for a total transaction of $4,137.69.
• On Friday, November 8th, Murray Stahl purchased 3 shares of Texas Pacific Land stock. The stock was purchased at an average cost of $1,338.32 per share, with a total value of $4,014.96.
• On Wednesday, November 6th, Murray Stahl acquired 3 shares of Texas Pacific Land stock. The shares were acquired at an average cost of $1,319.93 per share, for a total transaction of $3,959.79.
• On Monday, November 4th, Murray Stahl bought 3 shares of Texas Pacific Land stock. The stock was acquired at an average cost of $1,173.00 per share, with a total value of $3,519.00.
• On Friday, November 1st, Murray Stahl acquired 3 shares of Texas Pacific Land stock. The stock was acquired at an average cost of $1,174.00 per share, with a total value of $3,522.00.
• On Wednesday, October 30th, Murray Stahl bought 3 shares of Texas Pacific Land stock. The shares were bought at an average price of $1,116.91 per share, for a total transaction of $3,350.73.
• On Monday, October 28th, Murray Stahl acquired 3 shares of Texas Pacific Land stock. The shares were bought at an average cost of $1,075.78 per share, for a total transaction of $3,227.34.
• On Friday, October 25th, Murray Stahl bought 3 shares of Texas Pacific Land stock. The shares were bought at an average cost of $1,099.70 per share, with a total value of $3,299.10.
• On Wednesday, October 23rd, Murray Stahl acquired 3 shares of Texas Pacific Land stock. The stock was purchased at an average price of $1,085.56 per share, with a total value of $3,256.68.
• On Monday, October 21st, Murray Stahl purchased 3 shares of Texas Pacific Land stock. The stock was acquired at an average cost of $1,069.75 per share, for a total transaction of $3,209.25.

Texas Pacific Land Stock Performance

Shares of NYSE:TPL traded down $6.53 during trading on Friday, hitting $1,354.67. 13,682 shares of the stock were exchanged, compared to its average volume of 103,391. The company has a market capitalization of $31.13 billion, a price-to-earnings ratio of 69.84 and a beta of 1.56. Texas Pacific Land Co. has a 1-year low of $467.62 and a 1-year high of $1,421.22. The company’s fifty day simple moving average is $1,038.16 and its 200-day simple moving average is $838.85.

Texas Pacific Land Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, December 2nd. Texas Pacific Land’s dividend payout ratio is currently 24.01%.

Institutional Trading of Texas Pacific Land

Several institutional investors have recently bought and sold shares of TPL. Allspring Global Investments Holdings LLC increased its position in Texas Pacific Land by 522.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 622 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Texas Pacific Land by 605.6% during the 1st quarter. SG Americas Securities LLC now owns 1,397 shares of the financial services provider’s stock worth $808,000 after buying an additional 1,199 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Texas Pacific Land by 200.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 1,371 shares of the financial services provider’s stock valued at $793,000 after buying an additional 914 shares during the last quarter. Sei Investments Co. increased its stake in shares of Texas Pacific Land by 240.1% in the 1st quarter. Sei Investments Co. now owns 789 shares of the financial services provider’s stock valued at $456,000 after buying an additional 557 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Texas Pacific Land during the first quarter worth $153,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and issued a $917.00 price objective on shares of Texas Pacific Land in a research note on Monday, August 12th.

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.