1,162 Shares in Texas Pacific Land Co. (NYSE:TPL) Bought by Hartford Investment Management Co.

Hartford Investment Management Co. purchased a new position in shares of Texas Pacific Land Co. (NYSE:TPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,162 shares of the financial services provider’s stock, valued at approximately $1,285,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPL. Caprock Group LLC grew its holdings in Texas Pacific Land by 3.0% during the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 8 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 buying an additional 12 shares during the period. Signaturefd LLC boosted its holdings in shares of Texas Pacific Land by 16.9% in 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. Glenmede Trust Co. NA boosted its holdings in shares of Texas Pacific Land by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 441 shares of the financial services provider’s stock valued at $390,000 after buying an additional 13 shares during the period. Finally, First Financial Bankshares Inc boosted its holdings in shares of Texas Pacific Land by 2.2% in the 3rd quarter. First Financial Bankshares Inc now owns 754 shares of the financial services provider’s stock valued at $667,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

NYSE TPL opened at $1,372.41 on Friday. The company has a 50-day simple moving average of $1,271.88 and a 200-day simple moving average of $1,130.03. The firm has a market capitalization of $31.54 billion, a PE ratio of 70.42 and a beta of 1.68. Texas Pacific Land Co. has a one year low of $489.47 and a one year 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.