Blue Trust Inc. Has $29.73 Million Stake in Texas Pacific Land Co. (NYSE:TPL)

Blue Trust Inc. lifted its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 40.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,881 shares of the financial services provider’s stock after purchasing an additional 7,705 shares during the period. Blue Trust Inc. owned approximately 0.12% of Texas Pacific Land worth $29,729,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Caprock Group LLC lifted its holdings 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 buying an additional 8 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Texas Pacific Land by 21.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 12 shares in the last quarter. Signaturefd LLC increased its stake in Texas Pacific Land by 16.9% in the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 13 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Texas Pacific Land by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 13 shares in the last quarter. Finally, First Financial Bankshares Inc increased its stake in 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 purchasing an additional 16 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Stock Performance

Shares of NYSE:TPL opened at $1,372.41 on Friday. Texas Pacific Land Co. has a 52 week low of $489.47 and a 52 week high of $1,769.14. The company has a market capitalization of $31.54 billion, a PE ratio of 70.42 and a beta of 1.68. The company has a 50 day moving average price of $1,271.88 and a two-hundred day moving average price of $1,130.03.

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.