Blue Trust Inc. Buys 7,705 Shares of Texas Pacific Land Co. (NYSE:TPL)

Blue Trust Inc. lifted its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 40.2% in the 4th quarter, Holdings Channel reports. The fund owned 26,881 shares of the financial services provider’s stock after acquiring an additional 7,705 shares during the quarter. Blue Trust Inc.’s holdings in Texas Pacific Land were worth $29,729,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Texas Pacific Land during the third quarter worth $25,000. Quest Partners LLC bought a new stake in shares of Texas Pacific Land during the third quarter worth $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Texas Pacific Land during the fourth quarter worth $66,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Texas Pacific Land by 21.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 12 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of 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 acquiring an additional 13 shares in the last quarter. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 1.4 %

Shares of TPL stock opened at $1,372.41 on Friday. The firm has a fifty day moving average of $1,271.88 and a 200-day moving average of $1,130.03. Texas Pacific Land Co. has a 12-month low of $489.47 and a 12-month high of $1,769.14. The company has a market capitalization of $31.54 billion, a price-to-earnings ratio of 70.42 and a beta of 1.68.

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.