Texas Pacific Land Co. (NYSE:TPL) Position Decreased by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. reduced its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 18.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 150,181 shares of the financial services provider's stock after selling 35,044 shares during the period. Texas Pacific Land makes up 6.0% of Schwartz Investment Counsel Inc.'s investment portfolio, making the stock its largest holding. Schwartz Investment Counsel Inc. owned about 0.65% of Texas Pacific Land worth $166,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Atlas Wealth Partners LLC grew its position in Texas Pacific Land by 1.8% during the 4th quarter. Atlas Wealth Partners LLC now owns 13,292 shares of the financial services provider's stock worth $14,700,000 after purchasing an additional 239 shares during the last quarter. Cigna Investments Inc. New purchased a new position in Texas Pacific Land during the 4th quarter worth $208,000. Principle Wealth Partners LLC grew its position in Texas Pacific Land by 3.2% during the 4th quarter. Principle Wealth Partners LLC now owns 814 shares of the financial services provider's stock worth $900,000 after purchasing an additional 25 shares during the last quarter. Savant Capital LLC purchased a new position in Texas Pacific Land during the 4th quarter worth $221,000. Finally, Empowered Funds LLC boosted its holdings in shares of Texas Pacific Land by 71.3% in the fourth quarter. Empowered Funds LLC now owns 10,379 shares of the financial services provider's stock valued at $11,479,000 after acquiring an additional 4,319 shares in the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Texas Pacific Land Trading Up 1.4 %

Shares of NYSE:TPL traded up $19.23 during midday trading on Friday, hitting $1,372.41. The stock had a trading volume of 85,792 shares, 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. The stock has a 50 day moving average price of $1,271.88 and a two-hundred day moving average price of $1,130.03. Texas Pacific Land Co. has a 1 year low of $489.47 and a 1 year high of $1,769.14.

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.