Cumberland Partners Ltd Makes New $1.27 Million Investment in Texas Pacific Land Co. (NYSE:TPL)

Cumberland Partners Ltd acquired a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,150 shares of the financial services provider’s stock, valued at approximately $1,272,000.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Texas Pacific Land during the 3rd quarter worth approximately $25,000. Quest Partners LLC bought a new stake in Texas Pacific Land in the third quarter worth $50,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Texas Pacific Land during the 4th quarter valued at about $66,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Texas Pacific Land by 21.1% during the fourth 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 raised its holdings 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 buying an additional 13 shares during the period. 59.94% of the stock is currently owned by institutional investors.

Texas Pacific Land Price Performance

Shares of NYSE TPL opened at $1,406.92 on Thursday. The firm has a 50-day simple moving average of $1,279.22 and a two-hundred day simple moving average of $1,144.34. Texas Pacific Land Co. has a 1 year low of $493.40 and a 1 year high of $1,769.14. The company has a market cap of $32.33 billion, a P/E ratio of 72.19 and a beta of 1.68.

Texas Pacific Land (NYSE:TPL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $5.14 EPS for the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%.

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.