Texas Pacific Land Co. (NYSE:TPL) Shares Bought by Atlas Wealth Partners LLC

Atlas Wealth Partners LLC lifted its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,292 shares of the financial services provider’s stock after buying an additional 239 shares during the period. Texas Pacific Land comprises approximately 18.6% of Atlas Wealth Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Atlas Wealth Partners LLC’s holdings in Texas Pacific Land were worth $14,700,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in Texas Pacific Land by 3.8% in 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 period. Geode Capital Management LLC increased its holdings in Texas Pacific Land by 21.5% in the third quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after purchasing an additional 81,974 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Texas Pacific Land by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,418 shares of the financial services provider’s stock valued at $120,694,000 after purchasing an additional 1,984 shares during the period. Douglass Winthrop Advisors LLC increased its holdings in Texas Pacific Land by 3.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 99,198 shares of the financial services provider’s stock valued at $87,764,000 after purchasing an additional 3,363 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Texas Pacific Land by 10.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,836 shares of the financial services provider’s stock valued at $62,671,000 after purchasing an additional 6,598 shares during the period. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Texas Pacific Land Trading Down 1.3 %

Shares of TPL opened at $1,363.04 on Wednesday. The stock has a market capitalization of $31.32 billion, a P/E ratio of 69.94 and a beta of 1.68. The firm’s fifty day simple moving average is $1,271.95 and its two-hundred day simple moving average is $1,123.04. Texas Pacific Land Co. has a 12 month low of $471.06 and a 12 month high of $1,769.14.

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.