Moloney Securities Asset Management LLC Decreases Holdings in Texas Pacific Land Co. (NYSE:TPL)

Moloney Securities Asset Management LLC lowered its holdings in Texas Pacific Land Co. (NYSE:TPL) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted 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 in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Texas Pacific Land in the 3rd quarter valued at $45,400,000. State Street Corp grew its position in shares of Texas Pacific Land by 3.8% in the 3rd quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock valued at $674,727,000 after buying an additional 27,884 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Texas Pacific Land during the 3rd quarter worth $14,949,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Texas Pacific Land in the third quarter valued at $12,928,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

NYSE TPL opened at $1,378.79 on Tuesday. The company has a fifty day moving average of $1,276.13 and a two-hundred day moving average of $1,119.22. The company has a market capitalization of $31.68 billion, a PE ratio of 70.74 and a beta of 1.68. Texas Pacific Land Co. has a 1 year low of $471.06 and a 1 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.