Blue Trust Inc. grew its stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 40.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 26,881 shares of the financial services provider's stock after purchasing an additional 7,705 shares during the period. Blue Trust Inc. owned about 0.12% of Texas Pacific Land worth $29,729,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC raised its holdings in shares of Texas Pacific Land by 63.3% in the third quarter. CWM LLC now owns 627 shares of the financial services provider's stock valued at $555,000 after purchasing an additional 243 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Texas Pacific Land by 75.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 378 shares of the financial services provider's stock worth $334,000 after purchasing an additional 162 shares in the last quarter. Creative Planning grew its position in Texas Pacific Land by 5.8% in the 3rd quarter. Creative Planning now owns 6,717 shares of the financial services provider's stock worth $5,943,000 after purchasing an additional 369 shares in the last quarter. Net Worth Advisory Group purchased a new stake in Texas Pacific Land in the 3rd quarter valued at about $462,000. Finally, Key Client Fiduciary Advisors LLC bought a new position in shares of Texas Pacific Land during the 3rd quarter worth approximately $211,000. 59.94% of the stock is owned by hedge funds and other institutional investors.
Texas Pacific Land Price Performance
Shares of NYSE TPL traded down $3.92 during midday trading 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. The stock has a market capitalization of $32.33 billion, a P/E ratio of 72.19 and a beta of 1.68. The firm has a 50 day moving average price of $1,279.22 and a 200-day moving average price of $1,144.34. Texas Pacific Land Co. has a 12-month low of $493.40 and a 12-month high of $1,769.14.
Texas Pacific Land (NYSE:TPL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%.
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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