Certuity LLC Sells 393 Shares of Texas Pacific Land Co. (NYSE:TPL)

Certuity LLC reduced its position in Texas Pacific Land Co. (NYSE:TPL) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,037 shares of the financial services provider’s stock after selling 393 shares during the quarter. Certuity LLC’s holdings in Texas Pacific Land were worth $1,147,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Texas Pacific Land in the third quarter valued at approximately $25,000. Quest Partners LLC purchased a new stake in Texas Pacific Land in the third quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Texas Pacific Land in the fourth quarter valued at approximately $66,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 purchasing an additional 12 shares in the last quarter. Finally, Signaturefd LLC raised its stake in 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 purchasing an additional 13 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Price Performance

Shares of TPL opened at $1,363.04 on Wednesday. The firm’s 50 day simple moving average is $1,271.95 and its 200 day simple moving average is $1,123.04. The company has a market capitalization of $31.32 billion, a P/E ratio of 69.94 and a beta of 1.68. Texas Pacific Land Co. has a 1-year low of $471.06 and a 1-year high of $1,769.14.

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.