188 Shares in Texas Pacific Land Co. (NYSE:TPL) Purchased by Cigna Investments Inc. New

Cigna Investments Inc. New acquired a new stake in Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 188 shares of the financial services provider’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC increased its holdings in shares of Texas Pacific Land by 3.2% in the 4th quarter. Principle Wealth Partners LLC now owns 814 shares of the financial services provider’s stock valued at $900,000 after purchasing an additional 25 shares in the last quarter. Savant Capital LLC acquired a new position in Texas Pacific Land during the fourth quarter worth about $221,000. Empowered Funds LLC increased its holdings in Texas Pacific Land by 71.3% in the fourth quarter. Empowered Funds LLC now owns 10,379 shares of the financial services provider’s stock valued at $11,479,000 after buying an additional 4,319 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Texas Pacific Land by 6.8% during the 4th quarter. Apollon Wealth Management LLC now owns 695 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 44 shares during the period. Finally, Vest Financial LLC boosted its stake in shares of Texas Pacific Land by 34.9% during the 4th quarter. Vest Financial LLC now owns 2,186 shares of the financial services provider’s stock worth $2,418,000 after acquiring an additional 565 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

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

Texas Pacific Land 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.