Texas Pacific Land Co. (NYSE:TPL) Stake Raised 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 fourth quarter, HoldingsChannel reports. The fund owned 814 shares of the financial services provider’s stock after buying an additional 25 shares during the quarter. Principle Wealth Partners LLC’s holdings in Texas Pacific Land were worth $900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Texas Pacific Land by 21.5% during the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock worth $411,943,000 after purchasing an additional 81,974 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Texas Pacific Land during the 3rd quarter valued at $45,400,000. State Street Corp grew its holdings in shares of Texas Pacific Land by 3.8% during the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock valued at $674,727,000 after acquiring an additional 27,884 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Texas Pacific Land in the third quarter worth $14,949,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Texas Pacific Land during the third quarter worth $12,928,000. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 2.5 %

TPL opened at $1,378.79 on Tuesday. Texas Pacific Land Co. has a 1 year low of $471.06 and a 1 year high of $1,769.14. The stock has a fifty day moving average price of $1,276.13 and a 200 day moving average price 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.

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.