Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in Texas Pacific Land Co. (NYSE:TPL)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Texas Pacific Land Co. (NYSE:TPL) by 22.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,084 shares of the financial services provider’s stock after acquiring an additional 377 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Texas Pacific Land were worth $2,305,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new position in Texas Pacific Land in the 3rd quarter worth approximately $25,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Texas Pacific Land in the third quarter worth $44,000. Quest Partners LLC bought a new position in shares of Texas Pacific Land during the third quarter worth $50,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Texas Pacific Land during the fourth quarter worth $66,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Texas Pacific Land by 21.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Up 2.5 %

Shares of TPL stock opened at $1,378.79 on Tuesday. The stock has a market cap of $31.68 billion, a P/E ratio of 70.74 and a beta of 1.68. The company’s fifty day simple moving average is $1,276.13 and its two-hundred day simple moving average is $1,119.22. Texas Pacific Land Co. has a 52 week low of $471.06 and a 52 week high of $1,769.14.

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.