Retirement Systems of Alabama trimmed its position in Texas Pacific Land Co. (NYSE:TPL - Free Report) by 82.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,079 shares of the financial services provider's stock after selling 18,813 shares during the period. Retirement Systems of Alabama's holdings in Texas Pacific Land were worth $4,511,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of TPL. Capital Performance Advisors LLP bought a new stake in Texas Pacific Land during the 3rd quarter worth approximately $25,000. Compagnie Lombard Odier SCmA bought a new stake in Texas Pacific Land during the 3rd quarter worth approximately $44,000. Quest Partners LLC bought a new stake in Texas Pacific Land during the 3rd quarter worth approximately $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Texas Pacific Land during the 4th quarter worth approximately $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Texas Pacific Land by 21.1% during the 4th 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 in the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.
Texas Pacific Land Price Performance
Shares of TPL traded up $19.23 during mid-day trading on Friday, hitting $1,372.41. 85,792 shares of the company's stock were exchanged, compared to its average volume of 124,386. The company has a market cap of $31.54 billion, a PE ratio of 70.42 and a beta of 1.68. Texas Pacific Land Co. has a 52 week low of $489.47 and a 52 week high of $1,769.14. The company has a 50-day simple moving average of $1,271.88 and a 200 day simple moving average of $1,130.03.
Texas Pacific Land Profile
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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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