AustralianSuper Pty Ltd Makes New Investment in Texas Pacific Land Co. (NYSE:TPL)

AustralianSuper Pty Ltd bought a new position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,200 shares of the financial services provider's stock, valued at approximately $9,069,000.

Several other large investors have also added to or reduced their stakes in TPL. State Street Corp raised its position in shares of Texas Pacific Land by 3.8% during the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider's stock valued at $674,727,000 after purchasing an additional 27,884 shares during the period. Geode Capital Management LLC increased its stake in Texas Pacific Land by 21.5% in the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider's stock worth $411,943,000 after buying an additional 81,974 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Texas Pacific Land by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 136,418 shares of the financial services provider's stock valued at $120,694,000 after acquiring an additional 1,984 shares during the period. Douglass Winthrop Advisors LLC boosted its stake in shares of Texas Pacific Land by 3.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider's stock worth $87,764,000 after acquiring an additional 3,363 shares during the period. Finally, York GP Ltd. purchased a new stake in shares of Texas Pacific Land during the fourth quarter worth about $101,859,000. Hedge funds and other institutional investors own 59.94% of the company's stock.

Texas Pacific Land Stock Down 0.3 %

NYSE TPL traded down $3.92 during trading hours on Wednesday, reaching $1,406.92. The company's stock had a trading volume of 121,366 shares, compared to its average volume of 124,186. Texas Pacific Land Co. has a 1 year low of $493.40 and a 1 year high of $1,769.14. The company has a market capitalization of $32.33 billion, a price-to-earnings ratio of 72.19 and a beta of 1.68. The firm's 50-day moving average price is $1,279.22 and its 200-day moving average price is $1,144.34.

Texas Pacific Land (NYSE:TPL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. Texas Pacific Land had a net margin of 65.34% and a return on equity of 40.57%.

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.