Independent Advisor Alliance Has $3.21 Million Stock Position in Texas Pacific Land Co. (NYSE:TPL)

Independent Advisor Alliance raised its position in Texas Pacific Land Co. (NYSE:TPL) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,627 shares of the financial services provider’s stock after acquiring an additional 50 shares during the period. Independent Advisor Alliance’s holdings in Texas Pacific Land were worth $3,209,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd raised its holdings in Texas Pacific Land by 158.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 517 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 317 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Texas Pacific Land in the 3rd quarter valued at approximately $304,000. Douglass Winthrop Advisors LLC raised its holdings in Texas Pacific Land by 3.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider’s stock valued at $87,764,000 after acquiring an additional 3,363 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Texas Pacific Land by 14.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,547 shares of the financial services provider’s stock valued at $1,369,000 after acquiring an additional 200 shares in the last quarter. Finally, One Charles Private Wealth Services LLC raised its holdings in Texas Pacific Land by 2.4% in the 3rd quarter. One Charles Private Wealth Services LLC now owns 24,062 shares of the financial services provider’s stock valued at $21,289,000 after acquiring an additional 559 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Insider Buying and Selling

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the transaction, the chief accounting officer now owns 584 shares of the company’s stock, valued at approximately $810,784.72. This represents a 26.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 114 shares of company stock worth $120,929 in the last three months. Insiders own 6.50% of the company’s stock.

Texas Pacific Land Price Performance

NYSE TPL opened at $1,613.10 on Tuesday. The firm has a market cap of $37.06 billion, a PE ratio of 82.77 and a beta of 1.56. Texas Pacific Land Co. has a one year low of $467.62 and a one year high of $1,769.14. The stock’s 50 day simple moving average is $1,135.75 and its 200 day simple moving average is $888.07.

Texas Pacific Land Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. 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 yield of 0.40%. Texas Pacific Land’s dividend payout ratio is 32.84%.

Analyst Ratings Changes

Separately, BWS Financial reiterated 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 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.