Hartford Investment Management Co. Buys Shares of 1,162 Texas Pacific Land Co. (NYSE:TPL)

Hartford Investment Management Co. purchased a new position in shares of Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,162 shares of the financial services provider’s stock, valued at approximately $1,285,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TPL. Geode Capital Management LLC raised its position in shares of Texas Pacific Land by 21.5% during the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock worth $411,943,000 after buying an additional 81,974 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Texas Pacific Land during the third quarter valued at approximately $45,400,000. State Street Corp lifted its stake in Texas Pacific Land by 3.8% during the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock valued at $674,727,000 after purchasing an additional 27,884 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Texas Pacific Land during the third quarter valued at approximately $14,949,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Texas Pacific Land during the third quarter valued at approximately $12,928,000. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Price Performance

TPL stock opened at $1,372.41 on Friday. Texas Pacific Land Co. has a 12 month low of $489.47 and a 12 month high of $1,769.14. The firm has a market cap of $31.54 billion, a PE ratio of 70.42 and a beta of 1.68. The firm has a 50 day simple moving average of $1,271.88 and a 200 day simple moving average of $1,130.03.

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.