Texas Pacific Land Co. (NYSE:TPL) Stock Holdings Increased by Principle Wealth Partners LLC

Principle Wealth Partners LLC boosted its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 814 shares of the financial services provider’s stock after purchasing an additional 25 shares during the period. Principle Wealth Partners LLC’s holdings in Texas Pacific Land were worth $900,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in shares of Texas Pacific Land during the 3rd quarter worth $25,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Texas Pacific Land during the third quarter valued at $44,000. Quest Partners LLC acquired a new position in shares of Texas Pacific Land in the 3rd quarter valued at $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Texas Pacific Land in the 4th quarter worth about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in 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 buying an additional 12 shares during the period. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Price Performance

Shares of TPL opened at $1,378.79 on Tuesday. The company has a 50-day moving average of $1,276.13 and a two-hundred day moving average of $1,119.22. The stock has a market cap of $31.68 billion, a price-to-earnings ratio of 70.74 and a beta of 1.68. Texas Pacific Land Co. has a one year low of $471.06 and a one year high of $1,769.14.

Texas Pacific Land 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.