Cumberland Partners Ltd Buys Shares of 1,150 Texas Pacific Land Co. (NYSE:TPL)

Cumberland Partners Ltd purchased a new position in Texas Pacific Land Co. (NYSE:TPL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,150 shares of the financial services provider’s stock, valued at approximately $1,272,000.

Other hedge funds have also recently modified their holdings of the company. York GP Ltd. bought a new position in Texas Pacific Land during the 4th quarter valued at about $101,859,000. Geode Capital Management LLC lifted its position in Texas Pacific Land by 21.5% during 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 during the period. International Assets Investment Management LLC purchased a new stake in Texas Pacific Land in the third quarter worth approximately $45,400,000. State Street Corp grew its position in 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 worth $674,727,000 after purchasing an additional 27,884 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Texas Pacific Land during the 3rd quarter valued at $12,928,000. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Price Performance

TPL stock opened at $1,406.92 on Thursday. The company has a market cap of $32.33 billion, a P/E ratio of 72.19 and a beta of 1.68. Texas Pacific Land Co. has a 1 year low of $493.40 and a 1 year high of $1,769.14. The stock’s fifty day moving average price is $1,279.22 and its 200-day moving average price is $1,144.34.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $5.14 earnings per share (EPS) for the quarter. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%.

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.