Apollon Wealth Management LLC Boosts Position in Texas Pacific Land Co. (NYSE:TPL)

Apollon Wealth Management LLC grew its holdings in shares of Texas Pacific Land Co. (NYSE:TPL) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 695 shares of the financial services provider’s stock after buying an additional 44 shares during the quarter. Apollon Wealth Management LLC’s holdings in Texas Pacific Land were worth $769,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in shares of Texas Pacific Land during the 3rd quarter valued at $25,000. Quest Partners LLC purchased a new position in Texas Pacific Land in the third quarter valued at about $50,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Texas Pacific Land during the fourth quarter worth about $66,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Texas Pacific Land by 21.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 69 shares of the financial services provider’s stock worth $76,000 after buying an additional 12 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Texas Pacific Land by 16.9% in the third quarter. Signaturefd LLC now owns 90 shares of the financial services provider’s stock valued at $80,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

Texas Pacific Land Stock Performance

Texas Pacific Land stock opened at $1,345.65 on Thursday. The firm has a market capitalization of $30.92 billion, a PE ratio of 69.04 and a beta of 1.68. Texas Pacific Land Co. has a one year low of $471.06 and a one year high of $1,769.14. The stock’s 50 day moving average price is $1,271.10 and its 200 day moving average price is $1,124.60.

Texas Pacific Land Company 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.