Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Choreo LLC

Choreo LLC lessened its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 25.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 381 shares of the financial services provider’s stock after selling 133 shares during the period. Choreo LLC’s holdings in Texas Pacific Land were worth $421,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Texas Pacific Land in the 3rd quarter valued at $25,000. Quest Partners LLC purchased a new position in shares of Texas Pacific Land in the third quarter worth about $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Texas Pacific Land in the fourth quarter valued at approximately $66,000. Thurston Springer Miller Herd & Titak Inc. raised its position 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 last quarter. Finally, Signaturefd LLC boosted 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 valued at $80,000 after acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

Shares of Texas Pacific Land stock opened at $1,345.65 on Thursday. 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 market cap of $30.92 billion, a PE ratio of 69.04 and a beta of 1.68. The firm has a fifty day moving average price of $1,271.10 and a 200 day moving average price of $1,124.60.

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.