Americana Partners LLC Purchases New Holdings in Texas Pacific Land Co. (NYSE:TPL)

Americana Partners LLC purchased a new stake in Texas Pacific Land Co. (NYSE:TPL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 425 shares of the financial services provider’s stock, valued at approximately $470,000.

Several other institutional investors have also recently added to or reduced their stakes in TPL. Hilltop Holdings Inc. boosted its holdings in Texas Pacific Land by 290.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,815 shares of the financial services provider’s stock valued at $1,606,000 after purchasing an additional 1,350 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Texas Pacific Land by 63.5% in the 3rd quarter. Quantinno Capital Management LP now owns 2,976 shares of the financial services provider’s stock valued at $2,634,000 after buying an additional 1,156 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Texas Pacific Land by 5.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 8,888 shares of the financial services provider’s stock valued at $7,864,000 after acquiring an additional 431 shares during the last quarter. Biltmore Family Office LLC acquired a new stake in shares of Texas Pacific Land during the 3rd quarter worth $337,000. Finally, Everence Capital Management Inc. purchased a new stake in Texas Pacific Land during the 4th quarter worth $641,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Trading Up 3.2 %

Shares of Texas Pacific Land stock opened at $1,416.25 on Wednesday. The company has a fifty day moving average price of $1,275.20 and a 200 day moving average price of $1,142.49. The stock has a market cap of $32.54 billion, a price-to-earnings ratio of 72.67 and a beta of 1.68. Texas Pacific Land Co. has a twelve month low of $493.40 and a twelve month high of $1,769.14.

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.