Texas Pacific Land Co. (NYSE:TPL) is Schwartz Investment Counsel Inc.’s Largest Position

Schwartz Investment Counsel Inc. decreased its position in shares of Texas Pacific Land Co. (NYSE:TPL) by 18.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,181 shares of the financial services provider’s stock after selling 35,044 shares during the quarter. Texas Pacific Land makes up 6.0% of Schwartz Investment Counsel Inc.’s holdings, making the stock its largest holding. Schwartz Investment Counsel Inc. owned 0.65% of Texas Pacific Land worth $166,094,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp grew its position in shares of Texas Pacific Land by 3.8% during the third quarter. State Street Corp now owns 762,627 shares of the financial services provider’s stock worth $674,727,000 after purchasing an additional 27,884 shares in the last quarter. Geode Capital Management LLC grew its holdings in Texas Pacific Land by 21.5% during the 3rd quarter. Geode Capital Management LLC now owns 462,518 shares of the financial services provider’s stock valued at $411,943,000 after buying an additional 81,974 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Texas Pacific Land by 1.5% during 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 buying an additional 1,984 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in shares of 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 worth $87,764,000 after buying an additional 3,363 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Texas Pacific Land by 10.3% during 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 worth $62,671,000 after acquiring an additional 6,598 shares during the last quarter. Institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Stock Down 1.3 %

TPL opened at $1,363.04 on Wednesday. Texas Pacific Land Co. has a 52 week low of $471.06 and a 52 week high of $1,769.14. The firm has a 50-day simple moving average of $1,271.95 and a two-hundred day simple moving average of $1,123.04. The company has a market capitalization of $31.32 billion, a PE ratio of 69.94 and a beta of 1.68.

About Texas Pacific Land

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.