Meixler Investment Management Ltd. Cuts Position in Texas Pacific Land Co. (NYSE:TPL)

Meixler Investment Management Ltd. reduced its stake in shares of Texas Pacific Land Co. (NYSE:TPL) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,183 shares of the financial services provider’s stock after selling 223 shares during the quarter. Texas Pacific Land accounts for approximately 1.0% of Meixler Investment Management Ltd.’s holdings, making the stock its 19th largest holding. Meixler Investment Management Ltd.’s holdings in Texas Pacific Land were worth $1,308,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Caprock Group LLC raised its holdings in shares of Texas Pacific Land by 3.0% during the 4th quarter. Caprock Group LLC now owns 273 shares of the financial services provider’s stock valued at $302,000 after buying an additional 8 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Texas Pacific Land by 21.1% during 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 raised its holdings in shares of 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. Glenmede Trust Co. NA raised its holdings in shares of Texas Pacific Land by 3.0% during 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 raised its holdings in shares of Texas Pacific Land by 2.2% during 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. 59.94% of the stock is currently owned by hedge funds and other institutional investors.

Texas Pacific Land Stock Performance

Shares of NYSE:TPL opened at $1,372.41 on Friday. Texas Pacific Land Co. has a one year low of $489.47 and a one year high of $1,769.14. The business’s 50-day simple moving average is $1,271.88 and its 200 day simple moving average is $1,132.14. The company has a market cap of $31.54 billion, a P/E ratio of 70.42 and a beta of 1.68.

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.