V Square Quantitative Management LLC Acquires Shares of 176 Texas Pacific Land Co. (NYSE:TPL)

V Square Quantitative Management LLC acquired a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 176 shares of the financial services provider’s stock, valued at approximately $195,000.

Other institutional investors have also bought and sold shares of the company. Hilltop Holdings Inc. lifted its position in Texas Pacific Land by 290.3% during the third quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock valued at $1,606,000 after purchasing an additional 1,350 shares during the last quarter. Quantinno Capital Management LP lifted its position in Texas Pacific Land by 63.5% during the third quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock valued at $2,634,000 after purchasing an additional 1,156 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Texas Pacific Land by 5.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock valued at $7,864,000 after purchasing an additional 431 shares during the last quarter. Biltmore Family Office LLC bought a new position in Texas Pacific Land during the third quarter valued at $337,000. Finally, Everence Capital Management Inc. bought a new position in Texas Pacific Land during the fourth quarter valued at $641,000. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 1.4 %

TPL stock opened at $1,372.41 on Tuesday. Texas Pacific Land Co. has a 52 week low of $489.47 and a 52 week high of $1,769.14. The firm has a market capitalization of $31.54 billion, a P/E ratio of 70.42 and a beta of 1.68. The company has a fifty day simple moving average of $1,272.83 and a two-hundred day simple moving average of $1,138.03.

Texas Pacific Land 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.