Van ECK Associates Corp Sells 130 Shares of Texas Pacific Land Co. (NYSE:TPL)

Van ECK Associates Corp cut its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,539 shares of the financial services provider’s stock after selling 130 shares during the quarter. Van ECK Associates Corp’s holdings in Texas Pacific Land were worth $5,020,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TPL. Creative Planning lifted its position in shares of Texas Pacific Land by 5.8% in the third quarter. Creative Planning now owns 6,717 shares of the financial services provider’s stock valued at $5,943,000 after buying an additional 369 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Texas Pacific Land during the 3rd quarter valued at $14,949,000. Signaturefd LLC boosted its position in Texas Pacific Land by 16.9% during the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 13 shares during the period. Eastern Bank acquired a new position in shares of Texas Pacific Land in the third quarter valued at $111,000. Finally, Private Advisor Group LLC raised its position in shares of Texas Pacific Land by 0.7% in the third quarter. Private Advisor Group LLC now owns 3,657 shares of the financial services provider’s stock valued at $3,236,000 after purchasing an additional 27 shares during the period. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 3.2 %

Shares of TPL stock opened at $1,416.25 on Wednesday. Texas Pacific Land Co. has a 12-month low of $493.40 and a 12-month high of $1,769.14. The firm has a 50 day moving average price of $1,275.20 and a two-hundred day moving average price of $1,142.49. The company has a market capitalization of $32.54 billion, a PE ratio of 72.67 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.