Texas Pacific Land Co. (NYSE:TPL) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lowered its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 347 shares of the financial services provider’s stock after selling 16 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Texas Pacific Land were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Apollon Wealth Management LLC raised its holdings in shares of Texas Pacific Land by 6.8% in the fourth quarter. Apollon Wealth Management LLC now owns 695 shares of the financial services provider’s stock valued at $769,000 after buying an additional 44 shares during the last quarter. Vest Financial LLC increased its position in Texas Pacific Land by 34.9% in the 4th quarter. Vest Financial LLC now owns 2,186 shares of the financial services provider’s stock valued at $2,418,000 after acquiring an additional 565 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Texas Pacific Land by 22.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,084 shares of the financial services provider’s stock valued at $2,305,000 after acquiring an additional 377 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Texas Pacific Land by 1,900.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,680 shares of the financial services provider’s stock worth $1,921,000 after acquiring an additional 1,596 shares during the period. Finally, Spirit of America Management Corp NY grew its stake in shares of Texas Pacific Land by 3.3% in the 4th quarter. Spirit of America Management Corp NY now owns 1,555 shares of the financial services provider’s stock valued at $1,720,000 after purchasing an additional 50 shares during the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.

Texas Pacific Land Trading Up 2.5 %

NYSE:TPL opened at $1,378.79 on Tuesday. The stock’s 50 day simple moving average is $1,276.13 and its 200-day simple moving average is $1,119.22. Texas Pacific Land Co. has a 12-month low of $471.06 and a 12-month high of $1,769.14. The firm has a market cap of $31.68 billion, a P/E ratio of 70.74 and a beta of 1.68.

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.