Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,183 shares of the financial services provider's stock after selling 2,601 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of Texas Pacific Land worth $48,865,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Texas Pacific Land during the 3rd quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Texas Pacific Land during the 3rd quarter valued at approximately $44,000. Quest Partners LLC purchased a new position in shares of Texas Pacific Land during the 3rd quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Texas Pacific Land during the 4th quarter valued at approximately $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 valued at $76,000 after purchasing an additional 12 shares in the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Performance

Texas Pacific Land stock traded up $19.23 during trading on Friday, reaching $1,372.41. The company had a trading volume of 85,792 shares, compared to its average volume of 124,386. The firm's 50-day simple moving average is $1,271.88 and its 200 day simple moving average is $1,130.03. Texas Pacific Land Co. has a 1-year low of $489.47 and a 1-year high of $1,769.14. The firm has a market capitalization of $31.54 billion, a PE ratio of 70.42 and a beta of 1.68.

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.