Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its holdings in Texas Pacific Land Co. (NYSE:TPL) by 80.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the financial services provider’s stock after selling 4,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Texas Pacific Land were worth $1,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TPL. Caprock Group LLC boosted its holdings in shares of 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 acquiring an additional 8 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 acquiring an additional 12 shares during the period. Signaturefd LLC boosted its holdings in shares of 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 acquiring an additional 13 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of Texas Pacific Land by 3.0% during the third quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 13 shares during the period. Finally, First Financial Bankshares Inc lifted its holdings in shares of Texas Pacific Land by 2.2% during the third quarter. First Financial Bankshares Inc now owns 754 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 16 shares during the period. 59.94% of the stock is owned by institutional investors and hedge funds.

Texas Pacific Land Price Performance

Shares of NYSE TPL opened at $1,372.41 on Tuesday. The stock has a fifty day moving average price of $1,272.83 and a 200 day moving average price of $1,138.03. Texas Pacific Land Co. has a 1-year low of $489.47 and a 1-year high of $1,769.14. The company has a market cap of $31.54 billion, a PE ratio of 70.42 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.