Pathstone Holdings LLC Has $5.91 Million Holdings in Texas Pacific Land Co. (NYSE:TPL)

Pathstone Holdings LLC increased its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,677 shares of the financial services provider’s stock after acquiring an additional 12 shares during the period. Pathstone Holdings LLC’s holdings in Texas Pacific Land were worth $5,907,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Texas Pacific Land by 56.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,497 shares of the financial services provider’s stock worth $10,645,000 after buying an additional 5,255 shares during the last quarter. Marietta Wealth Management LLC bought a new position in Texas Pacific Land in the second quarter valued at approximately $2,926,000. O Shaughnessy Asset Management LLC increased its position in shares of Texas Pacific Land by 422.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,459 shares of the financial services provider’s stock worth $844,000 after purchasing an additional 1,180 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Texas Pacific Land by 179.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 2,040 shares of the financial services provider’s stock worth $1,180,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Texas Pacific Land by 197.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,885 shares of the financial services provider’s stock valued at $6,298,000 after buying an additional 7,228 shares during the last quarter. Institutional investors own 59.94% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and set a $917.00 target price on shares of Texas Pacific Land in a report on Monday, August 12th.

Insider Transactions at Texas Pacific Land

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were 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 owns 584 shares of the company’s stock, valued at $810,784.72. The trade was a 26.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have bought 117 shares of company stock worth $123,524. Company insiders own 6.50% of the company’s stock.

Texas Pacific Land Stock Up 14.5 %

NYSE:TPL opened at $1,734.95 on Friday. Texas Pacific Land Co. has a 12-month low of $467.62 and a 12-month high of $1,749.44. The stock’s 50 day moving average price is $1,120.26 and its two-hundred day moving average price is $876.68. The firm has a market capitalization of $39.87 billion, a price-to-earnings ratio of 89.02 and a beta of 1.56.

Texas Pacific Land Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $1.60 dividend. This is an increase 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 dividend yield of 0.37%. Texas Pacific Land’s dividend payout ratio is presently 24.01%.

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.