York GP Ltd. Takes Position in Texas Pacific Land Co. (NYSE:TPL)

York GP Ltd. purchased a new stake in Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 92,100 shares of the financial services provider’s stock, valued at approximately $101,859,000. Texas Pacific Land comprises about 95.7% of York GP Ltd.’s investment portfolio, making the stock its biggest position. York GP Ltd. owned about 0.40% of Texas Pacific Land at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TPL. Allspring Global Investments Holdings LLC raised its stake in Texas Pacific Land by 6,144.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,684 shares of the financial services provider’s stock worth $4,347,000 after purchasing an additional 3,625 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Texas Pacific Land during the 4th quarter worth approximately $1,285,000. Atlas Wealth Partners LLC raised its position in shares of Texas Pacific Land by 1.8% during the 4th quarter. Atlas Wealth Partners LLC now owns 13,292 shares of the financial services provider’s stock valued at $14,700,000 after buying an additional 239 shares during the period. Cigna Investments Inc. New acquired a new position in Texas Pacific Land in the fourth quarter valued at approximately $208,000. Finally, Principle Wealth Partners LLC grew its position in Texas Pacific Land by 3.2% in the fourth quarter. Principle Wealth Partners LLC now owns 814 shares of the financial services provider’s stock worth $900,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Down 1.4 %

TPL stock opened at $1,345.65 on Thursday. Texas Pacific Land Co. has a 52-week low of $471.06 and a 52-week high of $1,769.14. The business has a fifty day moving average of $1,271.10 and a two-hundred day moving average of $1,124.60. The stock has a market cap of $30.92 billion, a price-to-earnings ratio of 69.04 and a beta of 1.68.

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.