Texas Pacific Land Co. (NYSE:TPL) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 7.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,496 shares of the financial services provider’s stock after acquiring an additional 107 shares during the period. Janus Henderson Group PLC’s holdings in Texas Pacific Land were worth $1,323,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TPL. Hilltop Holdings Inc. grew its position in Texas Pacific Land by 290.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock worth $1,606,000 after purchasing an additional 1,350 shares during the last quarter. Aureus Asset Management LLC purchased a new stake in shares of Texas Pacific Land during the third quarter valued at $220,000. Erste Asset Management GmbH acquired a new position in shares of Texas Pacific Land in the 3rd quarter valued at $337,000. Encompass More Asset Management raised its stake in Texas Pacific Land by 310.3% in the 3rd quarter. Encompass More Asset Management now owns 1,510 shares of the financial services provider’s stock worth $1,336,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Texas Pacific Land during the 3rd quarter worth about $564,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of TPL stock opened at $1,198.97 on Friday. Texas Pacific Land Co. has a fifty-two week low of $467.62 and a fifty-two week high of $1,769.14. The firm has a market capitalization of $27.55 billion, a PE ratio of 61.52 and a beta of 1.62. The stock’s 50-day simple moving average is $1,274.68 and its 200-day simple moving average is $962.43.

Texas Pacific Land Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.60 per share. The ex-dividend date 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 0.53%. Texas Pacific Land’s dividend payout ratio (DPR) is currently 32.84%.

Insider Buying and Selling at Texas Pacific Land

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of Texas Pacific Land stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 584 shares in the company, valued at approximately $810,784.72. This trade represents a 26.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 117 shares of company stock worth $139,646. Company insiders own 6.50% of the company’s stock.

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.