Legacy Capital Wealth Partners LLC Trims Stake in Texas Pacific Land Co. (NYSE:TPL)

Legacy Capital Wealth Partners LLC reduced its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 54.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 918 shares of the financial services provider’s stock after selling 1,107 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Texas Pacific Land were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TPL. CWM LLC increased its holdings in Texas Pacific Land by 63.3% during the 3rd quarter. CWM LLC now owns 627 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 243 shares during the period. Exchange Traded Concepts LLC increased its holdings in Texas Pacific Land by 75.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 378 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 162 shares during the period. Creative Planning increased its holdings in Texas Pacific Land by 5.8% during the 3rd quarter. Creative Planning now owns 6,717 shares of the financial services provider’s stock worth $5,943,000 after purchasing an additional 369 shares during the period. Net Worth Advisory Group purchased a new position in Texas Pacific Land during the 3rd quarter worth $462,000. Finally, Blue Trust Inc. increased its holdings in shares of Texas Pacific Land by 13.9% in the 3rd quarter. Blue Trust Inc. now owns 19,176 shares of the financial services provider’s stock valued at $16,966,000 after acquiring an additional 2,333 shares during the period. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Trading Up 1.4 %

Shares of NYSE:TPL 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 business’s fifty day simple moving average is $1,271.88 and its 200-day simple moving average is $1,132.14. The company 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.