OneDigital Investment Advisors LLC Reduces Holdings in Texas Pacific Land Co. (NYSE:TPL)

OneDigital Investment Advisors LLC lowered its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 9.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,756 shares of the financial services provider’s stock after selling 189 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Texas Pacific Land were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TPL. Capital Performance Advisors LLP bought a new position in shares of Texas Pacific Land in the 3rd quarter worth approximately $25,000. American National Bank bought a new position in Texas Pacific Land in the second quarter worth $42,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Pacific Land during the second quarter valued at $44,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Texas Pacific Land during the 3rd quarter valued at $44,000. Finally, Signaturefd LLC grew its position in shares of Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after buying an additional 13 shares during the period. 59.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of the 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 sale, the chief accounting officer now directly owns 584 shares in the company, valued at approximately $810,784.72. This trade represents a 26.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 114 shares of company stock worth $115,874 in the last quarter. Corporate insiders own 6.50% of the company’s stock.

Texas Pacific Land Trading Down 0.1 %

Shares of NYSE:TPL opened at $1,359.94 on Monday. The stock has a fifty day simple moving average of $1,049.39 and a two-hundred day simple moving average of $848.01. Texas Pacific Land Co. has a 12-month low of $467.62 and a 12-month high of $1,421.22. The stock has a market capitalization of $31.25 billion, a price-to-earnings ratio of 69.78 and a beta of 1.56.

Texas Pacific Land Increases Dividend

The business also recently declared 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 represents a $6.40 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, December 2nd. This is a positive change from Texas Pacific Land’s previous quarterly dividend of $1.17. Texas Pacific Land’s payout ratio is currently 24.01%.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and set a $917.00 price target on shares of Texas Pacific Land in a research report 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.