Howland Capital Management LLC Has $18.21 Million Stake in Texas Pacific Land Co. (NYSE:TPL)

Howland Capital Management LLC cut its stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,468 shares of the financial services provider's stock after selling 1,532 shares during the quarter. Howland Capital Management LLC owned about 0.07% of Texas Pacific Land worth $18,213,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Texas Pacific Land in the 3rd quarter worth approximately $25,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Texas Pacific Land in the 3rd quarter worth $44,000. Quest Partners LLC acquired a new position in Texas Pacific Land during the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Texas Pacific Land during the 4th quarter valued at about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Texas Pacific Land by 21.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider's stock worth $76,000 after acquiring an additional 12 shares during the period. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Stock Down 1.4 %

Shares of 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 company has a market capitalization of $30.92 billion, a PE ratio of 69.04 and a beta of 1.68. The stock has a 50 day simple moving average of $1,271.10 and a 200-day simple moving average of $1,124.60. Texas Pacific Land Co. has a 1 year low of $471.06 and a 1 year high of $1,769.14.

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.