Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC lowered its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,295 shares of the financial services provider’s stock after selling 45 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Texas Pacific Land were worth $1,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TPL. Capital Performance Advisors LLP acquired a new position in Texas Pacific Land during the 3rd quarter valued at approximately $25,000. Quest Partners LLC acquired a new position in Texas Pacific Land during the 3rd quarter valued at approximately $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Texas Pacific Land during the 4th quarter valued at approximately $66,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Texas Pacific Land by 21.1% during the 4th 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 during the period. Finally, Signaturefd LLC boosted its position in Texas Pacific Land by 16.9% during the 3rd quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 13 shares during the period. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Shares of TPL stock opened at $1,372.41 on Friday. Texas Pacific Land Co. has a 1 year low of $489.47 and a 1 year high of $1,769.14. The stock has a fifty day moving average of $1,271.88 and a two-hundred day moving average of $1,130.03. The firm has a market capitalization of $31.54 billion, a PE ratio of 70.42 and a beta of 1.68.

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.