Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Texas Pacific Land Co. (NYSE:TPL) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,183 shares of the financial services provider’s stock after selling 2,601 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of Texas Pacific Land worth $48,865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caprock Group LLC raised its position in Texas Pacific Land by 3.0% in the fourth quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 8 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Texas Pacific Land by 21.1% during the fourth 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. Signaturefd LLC increased its position in shares of Texas Pacific Land by 16.9% during the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 13 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Texas Pacific Land by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 13 shares during the period. Finally, First Financial Bankshares Inc lifted its holdings in shares of Texas Pacific Land by 2.2% in the 3rd quarter. First Financial Bankshares Inc now owns 754 shares of the financial services provider’s stock worth $667,000 after acquiring an additional 16 shares during the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Up 2.5 %

TPL opened at $1,378.79 on Tuesday. Texas Pacific Land Co. has a 52 week low of $471.06 and a 52 week high of $1,769.14. The business has a fifty day simple moving average of $1,276.13 and a 200-day simple moving average of $1,119.22. The firm has a market cap of $31.68 billion, a P/E ratio of 70.74 and a beta of 1.68.

About Texas Pacific Land

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.