Cigna Investments Inc. New Makes New $208,000 Investment in Texas Pacific Land Co. (NYSE:TPL)

Cigna Investments Inc. New acquired a new stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 188 shares of the financial services provider's stock, valued at approximately $208,000.

Several other large investors also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in Texas Pacific Land during the third quarter worth about $25,000. Quest Partners LLC purchased a new position in shares of Texas Pacific Land during the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Texas Pacific Land in the 4th quarter worth approximately $66,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $76,000 after buying an additional 12 shares in the last quarter. Finally, Signaturefd LLC grew its position in Texas Pacific Land by 16.9% during the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 13 shares during the last quarter. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Trading Up 1.4 %

Shares of TPL stock traded up $19.23 during trading hours on Friday, hitting $1,372.41. 85,792 shares of the company's stock were exchanged, compared to its average volume of 125,097. The company has a market capitalization of $31.54 billion, a PE ratio of 70.42 and a beta of 1.68. Texas Pacific Land Co. has a 12-month low of $489.47 and a 12-month high of $1,769.14. The business's 50 day simple moving average is $1,271.88 and its 200-day simple moving average is $1,132.14.

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.