Vest Financial LLC Boosts Stock Holdings in Texas Pacific Land Co. (NYSE:TPL)

Vest Financial LLC grew its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 34.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,186 shares of the financial services provider's stock after purchasing an additional 565 shares during the period. Vest Financial LLC's holdings in Texas Pacific Land were worth $2,418,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Texas Pacific Land by 21.5% in the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider's stock worth $411,943,000 after purchasing an additional 81,974 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Texas Pacific Land in the third quarter valued at about $45,400,000. State Street Corp raised its holdings in shares of Texas Pacific Land by 3.8% in the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider's stock worth $674,727,000 after buying an additional 27,884 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Texas Pacific Land during the 3rd quarter valued at about $14,949,000. Finally, Janney Montgomery Scott LLC bought a new stake in Texas Pacific Land during the 3rd quarter worth approximately $12,928,000. Institutional investors and hedge funds own 59.94% of the company's stock.

Texas Pacific Land Stock Performance

TPL traded down $18.47 during mid-day trading on Wednesday, reaching $1,345.65. The stock had a trading volume of 109,956 shares, compared to its average volume of 127,781. The stock has a market capitalization of $30.92 billion, a P/E ratio of 69.04 and a beta of 1.68. Texas Pacific Land Co. has a 52 week low of $471.06 and a 52 week high of $1,769.14. The firm's fifty day simple moving average is $1,271.10 and its two-hundred day simple moving average is $1,124.60.

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.