Yousif Capital Management LLC lessened its holdings in shares of Texas Pacific Land Co. (NYSE:TPL - Free Report) by 58.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,882 shares of the financial services provider's stock after selling 4,044 shares during the quarter. Yousif Capital Management LLC's holdings in Texas Pacific Land were worth $3,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of TPL. Sanctuary Advisors LLC purchased a new position in shares of Texas Pacific Land during the 2nd quarter valued at $996,000. GAMMA Investing LLC lifted its stake in shares of Texas Pacific Land by 109.3% during the 3rd quarter. GAMMA Investing LLC now owns 113 shares of the financial services provider's stock valued at $100,000 after buying an additional 59 shares in the last quarter. CWM LLC lifted its stake in shares of Texas Pacific Land by 63.3% during the 3rd quarter. CWM LLC now owns 627 shares of the financial services provider's stock valued at $555,000 after buying an additional 243 shares in the last quarter. Wedmont Private Capital purchased a new position in shares of Texas Pacific Land during the 3rd quarter valued at $184,000. Finally, UMB Bank n.a. lifted its stake in shares of Texas Pacific Land by 880.0% during the 3rd quarter. UMB Bank n.a. now owns 98 shares of the financial services provider's stock valued at $87,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 59.94% of the company's stock.
Texas Pacific Land Trading Down 1.4 %
Shares of TPL traded down $18.47 during trading hours on Wednesday, reaching $1,345.65. 109,956 shares of the stock traded hands, compared to its average volume of 127,781. The company has a market cap of $30.92 billion, a P/E ratio of 69.04 and a beta of 1.68. The company's 50-day moving average price is $1,271.95 and its two-hundred day moving average price is $1,123.04. Texas Pacific Land Co. has a 52-week low of $471.06 and a 52-week 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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