Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Sapient Capital LLC

Sapient Capital LLC lessened its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,421 shares of the financial services provider's stock after selling 557 shares during the period. Sapient Capital LLC owned 0.08% of Texas Pacific Land worth $20,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hilltop Holdings Inc. increased its stake in shares of Texas Pacific Land by 290.3% during the third quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider's stock valued at $1,606,000 after acquiring an additional 1,350 shares during the period. Quantinno Capital Management LP increased its stake in shares of Texas Pacific Land by 63.5% during the third quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider's stock valued at $2,634,000 after acquiring an additional 1,156 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Texas Pacific Land by 5.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider's stock valued at $7,864,000 after acquiring an additional 431 shares during the period. Biltmore Family Office LLC acquired a new position in shares of Texas Pacific Land during the third quarter valued at approximately $337,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Texas Pacific Land during the fourth quarter valued at approximately $641,000. Institutional investors own 59.94% of the company's stock.

Texas Pacific Land Price Performance

Shares of NYSE TPL traded up $19.23 during mid-day trading on Friday, reaching $1,372.41. 85,792 shares of the company traded hands, compared to its average volume of 124,386. Texas Pacific Land Co. has a fifty-two week low of $489.47 and a fifty-two week high of $1,769.14. The firm has a market cap of $31.54 billion, a PE ratio of 70.42 and a beta of 1.68. The stock has a fifty day simple moving average of $1,271.88 and a 200-day simple moving average of $1,130.03.

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.