Texas Pacific Land Co. (NYSE:TPL) Position Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 82.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,079 shares of the financial services provider’s stock after selling 18,813 shares during the quarter. Retirement Systems of Alabama’s holdings in Texas Pacific Land were worth $4,511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Texas Pacific Land during the 3rd quarter valued at about $25,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Texas Pacific Land during the 3rd quarter valued at about $44,000. Quest Partners LLC acquired a new stake in shares of Texas Pacific Land during the 3rd quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Texas Pacific Land during the 4th quarter valued at about $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

TPL opened at $1,378.79 on Tuesday. The business has a 50 day moving average price of $1,276.13 and a 200 day moving average price of $1,119.22. The firm has a market cap of $31.68 billion, a P/E ratio of 70.74 and a beta of 1.68. Texas Pacific Land Co. has a twelve month low of $471.06 and a twelve month high of $1,769.14.

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.