Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,084 shares of the financial services provider's stock after buying an additional 377 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Texas Pacific Land were worth $2,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Texas Pacific Land by 1,900.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,680 shares of the financial services provider's stock valued at $1,921,000 after buying an additional 1,596 shares during the last quarter. Spirit of America Management Corp NY raised its position in shares of Texas Pacific Land by 3.3% during the fourth quarter. Spirit of America Management Corp NY now owns 1,555 shares of the financial services provider's stock valued at $1,720,000 after buying an additional 50 shares during the last quarter. abrdn plc raised its position in shares of Texas Pacific Land by 22.1% during the fourth quarter. abrdn plc now owns 5,573 shares of the financial services provider's stock valued at $6,265,000 after buying an additional 1,008 shares during the last quarter. Trust Point Inc. bought a new stake in Texas Pacific Land in the fourth quarter worth $273,000. Finally, Greenleaf Trust bought a new stake in Texas Pacific Land in the fourth quarter worth $202,000. Institutional investors own 59.94% of the company's stock.
Texas Pacific Land Trading Up 1.4 %
TPL traded up $19.23 during trading hours on Friday, hitting $1,372.41. The company's stock had a trading volume of 85,792 shares, compared to its average volume of 124,386. The business's 50-day moving average price is $1,271.88 and its 200-day moving average price is $1,130.03. Texas Pacific Land Co. has a 12 month low of $489.47 and a 12 month high of $1,769.14. The stock has a market cap of $31.54 billion, a price-to-earnings ratio of 70.42 and a beta of 1.68.
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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