Savant Capital LLC Invests $221,000 in Texas Pacific Land Co. (NYSE:TPL)

Savant Capital LLC purchased a new stake in shares of Texas Pacific Land Co. (NYSE:TPL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 200 shares of the financial services provider’s stock, valued at approximately $221,000.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position 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 acquiring an additional 81,974 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Texas Pacific Land during the third quarter valued at approximately $45,400,000. State Street Corp boosted 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 valued at $674,727,000 after purchasing an additional 27,884 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Texas Pacific Land in the third quarter worth $14,949,000. Finally, Janney Montgomery Scott LLC bought a new position in Texas Pacific Land in the third quarter worth $12,928,000. 59.94% of the stock is owned by institutional investors.

Texas Pacific Land Trading Up 3.2 %

Shares of TPL stock opened at $1,416.25 on Wednesday. The company’s fifty day moving average price is $1,275.20 and its 200-day moving average price is $1,142.49. The stock has a market cap of $32.54 billion, a PE ratio of 72.67 and a beta of 1.68. Texas Pacific Land Co. has a 12 month low of $493.40 and a 12 month high of $1,769.14.

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.