Texas Pacific Land Co. (NYSE:TPL) Holdings Lifted by National Pension Service

National Pension Service boosted its holdings in Texas Pacific Land Co. (NYSE:TPL) by 18.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,190 shares of the financial services provider’s stock after acquiring an additional 6,390 shares during the quarter. National Pension Service owned about 0.17% of Texas Pacific Land worth $35,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Texas Pacific Land by 16.9% in 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 in the last quarter. First Financial Bankshares Inc increased its holdings in shares of Texas Pacific Land by 2.2% in the third quarter. First Financial Bankshares Inc now owns 754 shares of the financial services provider’s stock valued at $667,000 after buying an additional 16 shares in the last quarter. BOKF NA lifted its position in shares of Texas Pacific Land by 1.1% during the 2nd quarter. BOKF NA now owns 1,571 shares of the financial services provider’s stock valued at $1,154,000 after acquiring an additional 17 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Texas Pacific Land by 2.9% during the 2nd quarter. CIBC Asset Management Inc now owns 756 shares of the financial services provider’s stock worth $555,000 after acquiring an additional 21 shares in the last quarter. Finally, Accordant Advisory Group Inc grew its holdings in shares of Texas Pacific Land by 1.9% in the 2nd quarter. Accordant Advisory Group Inc now owns 1,382 shares of the financial services provider’s stock worth $1,015,000 after acquiring an additional 26 shares during the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,330.35 on Thursday. Texas Pacific Land Co. has a 52 week low of $467.62 and a 52 week high of $1,360.06. The firm has a market capitalization of $30.57 billion, a price-to-earnings ratio of 68.43 and a beta of 1.56. The company has a 50 day moving average price of $964.56 and a 200 day moving average price of $804.02.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.38). The business had revenue of $172.33 million for the quarter, compared to analysts’ expectations of $182.35 million. Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. During the same quarter in the prior year, the firm posted $4.35 EPS.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and set a $917.00 target price on shares of Texas Pacific Land in a report on Monday, August 12th.

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.