Hendershot Investments Inc. lowered its stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 30.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,137 shares of the financial services provider's stock after selling 500 shares during the period. Hendershot Investments Inc.'s holdings in Texas Pacific Land were worth $1,257,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Texas Pacific Land during the third quarter valued at $25,000. Compagnie Lombard Odier SCmA bought a new position in Texas Pacific Land in the 3rd quarter worth about $44,000. Quest Partners LLC purchased a new position in shares of Texas Pacific Land during the third quarter worth approximately $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Texas Pacific Land during the fourth quarter valued at approximately $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 purchasing an additional 12 shares during the period. Institutional investors own 59.94% of the company's stock.
Texas Pacific Land Stock Down 1.4 %
NYSE:TPL traded down $18.47 during midday trading on Wednesday, hitting $1,345.65. The 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 $1,271.10 and a 200 day moving average of $1,124.60. The company has a market capitalization of $30.92 billion, a price-to-earnings ratio of 69.04 and a beta of 1.68. Texas Pacific Land Co. has a one year low of $471.06 and a one 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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