York GP Ltd. bought a new stake in Texas Pacific Land Co. (NYSE:TPL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 92,100 shares of the financial services provider's stock, valued at approximately $101,859,000. Texas Pacific Land accounts for approximately 95.7% of York GP Ltd.'s portfolio, making the stock its biggest holding. York GP Ltd. owned 0.40% of Texas Pacific Land as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Texas Pacific Land in the third quarter valued at $25,000. Quest Partners LLC acquired a new position in Texas Pacific Land during the third quarter worth about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land in the fourth quarter valued at approximately $66,000. Thurston Springer Miller Herd & Titak Inc. increased 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 purchasing an additional 12 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Texas Pacific Land by 16.9% during the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider's stock worth $80,000 after purchasing an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 59.94% of the company's stock.
Texas Pacific Land Price Performance
NYSE:TPL traded up $19.23 during trading hours on Monday, reaching $1,372.41. 85,792 shares of the company traded hands, compared to its average volume of 125,097. The firm's 50-day moving average is $1,271.88 and its 200-day moving average is $1,134.16. The stock has a market cap of $31.54 billion, a P/E ratio of 70.42 and a beta of 1.68. Texas Pacific Land Co. has a 1-year low of $489.47 and a 1-year high of $1,769.14.
About Texas Pacific Land
(
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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