Atria Investments Inc Has $686,000 Holdings in Texas Pacific Land Co. (NYSE:TPL)

Atria Investments Inc cut its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 775 shares of the financial services provider’s stock after selling 28 shares during the period. Atria Investments Inc’s holdings in Texas Pacific Land were worth $686,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Texas Pacific Land during the third quarter worth $25,000. American National Bank acquired a new position in shares of Texas Pacific Land during the second quarter worth $42,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Pacific Land in the second quarter valued at $44,000. Compagnie Lombard Odier SCmA acquired a new stake in Texas Pacific Land in the third quarter valued at $44,000. Finally, Signaturefd LLC increased its holdings 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 purchasing an additional 13 shares during the period. 59.94% of the stock is currently owned by institutional investors and hedge funds.

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 report on Monday, August 12th.

Texas Pacific Land Stock Up 1.4 %

NYSE TPL opened at $1,417.82 on Wednesday. The company has a market capitalization of $32.58 billion, a price-to-earnings ratio of 72.75 and a beta of 1.56. Texas Pacific Land Co. has a twelve month low of $467.62 and a twelve month high of $1,421.66. The stock has a fifty day simple moving average of $1,074.10 and a 200 day simple moving average of $859.95.

Texas Pacific Land Increases Dividend

The company 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 represents a $6.40 dividend on an annualized basis and a yield of 0.45%. This is a boost from Texas Pacific Land’s previous quarterly dividend of $1.17. Texas Pacific Land’s dividend payout ratio is 24.01%.

Insider Buying and Selling at Texas Pacific Land

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 shares were sold at an average price of $1,388.33, for a total transaction of $291,549.30. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 114 shares of company stock valued at $117,463. 6.50% of the stock is currently owned by 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.