abrdn plc grew its holdings in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 22.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,573 shares of the financial services provider's stock after buying an additional 1,008 shares during the period. abrdn plc's holdings in Texas Pacific Land were worth $6,265,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Texas Pacific Land in the third quarter valued at about $25,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Texas Pacific Land in the third quarter valued at about $44,000. Quest Partners LLC acquired a new stake in shares of Texas Pacific Land in the third quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Texas Pacific Land by 21.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock valued at $76,000 after buying an additional 12 shares during the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.
Texas Pacific Land Stock Performance
Shares of NYSE TPL traded down $18.47 during mid-day trading on Wednesday, reaching $1,345.65. The company's stock had a trading volume of 109,956 shares, compared to its average volume of 127,781. The stock has a 50-day moving average of $1,271.95 and a two-hundred day moving average of $1,123.04. The stock has a market capitalization of $30.92 billion, a P/E ratio of 69.04 and a beta of 1.68. Texas Pacific Land Co. has a 1-year low of $471.06 and a 1-year high of $1,769.14.
About Texas Pacific Land
(
Free Report)
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.
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