247 Shares in Texas Pacific Land Co. (NYSE:TPL) Bought by Trust Point Inc.

Trust Point Inc. bought a new stake in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 247 shares of the financial services provider's stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPL. State Street Corp boosted its stake in shares of Texas Pacific Land by 3.8% during the third quarter. State Street Corp now owns 762,627 shares of the financial services provider's stock valued at $674,727,000 after acquiring an additional 27,884 shares during the last quarter. 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 valued at $411,943,000 after purchasing an additional 81,974 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Pacific Land by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,418 shares of the financial services provider's stock worth $120,694,000 after purchasing an additional 1,984 shares during the last quarter. Douglass Winthrop Advisors LLC grew its holdings in shares of Texas Pacific Land by 3.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider's stock worth $87,764,000 after buying an additional 3,363 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Texas Pacific Land by 10.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,836 shares of the financial services provider's stock valued at $62,671,000 after buying an additional 6,598 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company's stock.

Insider Buying and Selling at Texas Pacific Land

In other Texas Pacific Land news, CAO Stephanie Buffington sold 210 shares of Texas Pacific Land stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $1,388.33, for a total value of $291,549.30. Following the completion of the sale, the chief accounting officer now owns 584 shares in the company, valued at $810,784.72. The trade was a 26.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders acquired 63 shares of company stock worth $87,967. Insiders own 6.50% of the company's stock.

Texas Pacific Land Stock Up 2.5 %

Shares of TPL traded up $33.54 on Monday, hitting $1,378.79. 75,932 shares of the stock traded hands, compared to its average volume of 131,067. Texas Pacific Land Co. has a 1 year low of $471.06 and a 1 year high of $1,769.14. The stock's 50 day moving average is $1,276.13 and its two-hundred day moving average is $1,119.22. The firm has a market capitalization of $31.68 billion, a P/E ratio of 70.74 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.