Texas Pacific Land Co. (NYSE:TPL) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,477 shares of the financial services provider’s stock after acquiring an additional 392 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Texas Pacific Land were worth $8,562,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TPL. Capital Performance Advisors LLP purchased a new stake in Texas Pacific Land in the 3rd quarter worth approximately $25,000. Quest Partners LLC purchased a new stake in Texas Pacific Land in the 3rd quarter worth approximately $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Texas Pacific Land in the 4th quarter worth approximately $66,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 12 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Texas Pacific Land by 16.9% in the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

Shares of NYSE:TPL opened at $1,372.41 on Tuesday. Texas Pacific Land Co. has a 1 year low of $489.47 and a 1 year high of $1,769.14. The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of 70.42 and a beta of 1.68. The business’s 50 day moving average price is $1,272.83 and its 200-day moving average price is $1,138.03.

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.